In Addition To Biden Resigning Due To Health In 2024, JP Morgan: Autonomous Cars Will Also Experience Strong Rejection

JAKARTA - Chairman of the Market and Investment Strategy for JP Morgan Asset Management, Michael Cembalest, has compiled a list of 'Success' for 2024. In addition to the resignation of US President Joe Biden for health reasons, he also highlighted what would happen in the automotive world, namely the potential wave of massive rejection of driverless cars or autonomous cars.

Cembalest predicts the boycott will likely enlarge to autonomous cars that are now common in San Francisco, especially with Robotaxi Cruise companies haunted by safety concerns.

Cruise CEO Kyle Vogt has resigned after recalling 950 of their cars. The recall was carried out following an accident on October 2, 2023 where a pedestrian was dragged up to 6 meters by the Robotaxi Cruise unit after being hit by another vehicle.

After this incident, General Motors, owner of Cruise, held an emergency meeting in which executives detailed damage control measures to save the company's reputation. Cruise CEO Kyle Vogt, who is also seen in the image, confirmed his resignation after a series of incidents involving driverless cars.

Vogt confirmed in a meeting in November that layoffs would soon be carried out before he finally withdrew. One employee told Forbes that the situation at the company was similar to the sinking of the cap.

In September 2023, two incidents also occurred where driverless vehicles blocked an ambulance carrying a seriously injured accident victim, who later died in hospital.

Cembalest noted, in several places where the Level 5 autonomous car was fully tested in real-world conditions, they blocked ambulances from going to the hospital, blocked other emergency workers, caused accidents, increased congestion, and hit pedestrians.

"I believe there may be negative reactions from people who argue, as in the case of the urban scooter outbreak that is hated, that comfort for some people results in danger and discomfort for others," Cembalest said in his report, quoted by the Daily Mail, January 7.

Cembalest also underlined that Tesla will also experience problems with their vehicles this year, especially before Tesla also recalled more than two million vehicles in December 2023.