In recent years there has been a growing interest in autonomous vehicles. Big tech and car companies are pouring tons of cash into making the dream of self-driving cars a reality. It may sound like we’re finally close to achieving the future we’ve been sold on from countless sci-fi movies, but perhaps we’re missing the mark here. Maybe what we really need is not another fancier car on the road, but more folks on two wheels instead – I’m talking of course about bicycles and electric bikes.
It’s not that driverless cars aren’t without benefits. The idea sounds good in theory, taking human error out of the equation and replacing it with a presumably infallible computer. The problem is that even ignoring the major safety risks of testing out this unproven technology on public streets around unconsenting individuals, you’re still left with an increase in the numbers of cars on the road leading to the same problems cars cause today.
Saying hello to bikes and goodbye to traffic jams
One of the most immediate benefits of increasing the number of cyclists on the road is the significant reduction in traffic congestion.
Bikes take up far less space than cars, and even a modest shift from car commuting to biking can result in a noticeable decrease in traffic jams, leading to smoother and faster travel for everyone.
In contrast, driverless cars, while likely one day capable of optimizing routes and reducing human error, still occupy the same amount of physical space on the road, doing little to alleviate congestion. Their goal is to solve some problems, which they may eventually be able to do successfully. But in doing so, flooding the streets with driverless Ubers will simply create more problems. Just in the way Uber itself was meant to solve many of the problems in the transportation industry, nearly a decade later is has left us with merely more traffic than ever before by incentivizing the filling of roads with an ever increasing number of vehicles.
Your heart (and waistline) will thank you
Promoting cycling not only contributes to cleaner air by reducing vehicle emissions but also encourages an active lifestyle.
Regular cycling has been proven to improve cardiovascular health, reduce stress, and enhance overall well-being. Electric bikes, with their pedal-assist functionality, make cycling more accessible to people of all ages and fitness levels, ensuring that the health benefits of biking can be enjoyed by a broader demographic. On the other hand, the convenience of driverless cars leads to an even more sedentary lifestyle, exacerbating current public health issues related to physical inactivity.
Not everyone can ride an e-bike and not every trip is e-bikable. Far be it for me to call electric bikes a global solution for every transportation need. But the types of trips being performed by driverless cars now are often short city hops and thus are the prime example of an e-bikeable trip.
Stronger, friendlier and more socially-connected communities
When you’re behind glass in a private car, you’re disconnected from the world. But cycling promotes social interaction and a sense of community.
Unlike the isolating nature of cars, cyclists are more likely to engage with their surroundings and with other people. Creating bike-friendly cities encourages a vibrant street life and fosters a sense of belonging and connection among residents.
Not every trip is a chance to stop and chat, but riders tend to be happier, more engaged people because of it. A friendly wave or a chance to say hello on the way to work can be a small mood-booster that does wonders for mental health. As social creatures, isolation is rarely helpful for our minds and bodies.
Supporting sustainable urban development
As urban areas continue to grow, sustainable development becomes increasingly crucial. Prioritizing cycling infrastructure, such as protected bike lanes and secure bike parking, promotes a more efficient use of space and resources.
It encourages compact, mixed-use development that is accessible by bike, reducing the need for extensive road networks and sprawling parking lots. This not only preserves green spaces but also creates more livable, human-centered urban environments. No one has ever said “You know what this neighborhood needs? More asphalt!” A reduction in car dependency means more prioritization on designing cities for people. Two and three lane streets can become single lane streets with a bike lane and wider sidewalks or parklets that add more green space into urban areas.
Yes, this is a street in Amsterdam. But this could easily be a street in the US. It’s all about priorities.
Addressing economic disparities
Bicycles and electric bikes are more economically accessible than cars, driverless or otherwise. And the growing list of e-bike purchase incentives, especially for low income folks, is making them more affordable than ever.
Investing in bike infrastructure and subsidies for e-bikes can help bridge transportation gaps in low-income communities, providing affordable and reliable mobility options. It’s even better for local city governments and municipalities, reducing the economic costs associated with road maintenance and congestion-related productivity losses.
Summing it up
While driverless cars hold the promise of a high-tech, automated future, they are not a panacea for the many challenges facing our transportation systems. Driverless cars are cool, don’t get me wrong. The technology is impressive and undoubtedly holds promise in certain situations that can’t be handled by a bike. But they are primarily being used in areas where bikes could perform the same job in a cheaper, more efficient and arguably safer way.
Driverless cars are not the magic fix for our traffic woes and our health problems. Bikes and e-bikes offer a down-to-earth, connect-with-your-neighbors, get-your-endorphins-flowing kind of solution that driverless cars just can’t match. So how about we give our cities, our health, and our wallets a break and give biking the spotlight it deserves?
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Chinese carmaker XPeng is getting perilously close to bringing its AeroHT consumer eVTOL concept to market, thanks to a $250 million Series B round that’s set to accelerate the company’s modular “flying car” production plans.
XPeng subsidiary AeroHT had its first successful proof of concept test flight ahead of the brand’s annual 1024 back in 2023, where the company unveiled a pair of flying car designs. The X3 is an actual flying “car” that can drive, park, and take off on its own, and a second, modular eVTOL that folds up into the back of an electric van called the Land Aircraft Carrier.
That vehicle pair, shown at CES in January, was set to begin production this year, with the eVTOL component set to begin production in 2026 – and that’s looking a lot more likely thanks to the new infusion of capital!
AeroHT at CES 2025
Xpeng Aeroht raised $150 million in Series B1 funding last August, before launching its Series B2 funding round. The most recent announcement that the company has secured an additional $100 million in its Series B2 funding round brings the total amount raised to more than $750 million, with a $1B pre-revenue valuation.
Scooter Doll said it best, writing, “this footage (of the AeroHT test flight) is as scary and concerning as it is exciting and awe-inspiring.” Which is to say that these things are real, they seem like they’re getting built, and they seem like they’ll sell well enough to convince at least one or two remaining boomers that the flying car they’ve been promised their whole lives is – finally! – coming to market.
Here’s hoping.
SOURCE: Xpeng, via CNEVPost; gallery photos by the author.
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Flooring manufacturer Beauflor USA just turned on the biggest rooftop solar system by capacity in metro Atlanta — and it’s now powering part of its Georgia factory.
The new 1,040 kW system in Cartersville officially beats metro Atlanta’s previous rooftop solar record of 1,034 kW. The new array produces enough energy to power more than 100 homes. The system is expected to cover about 10% of Beauflor’s electricity needs and cut its carbon emissions by about 920 metric tons annually.
“This solar installation represents our commitment to sustainable manufacturing practices while making sound business decisions,” said Emile Coopman, continuous improvement manager at Beauflor. He added that the system is designed with room to grow: “This is the first step toward more renewable energy.”
The company partnered with Cherry Street Energy to install the nearly 2,000-panel system, which was completed in less than four months. Cherry Street invested $1.8 million into the project and is covering all construction and maintenance costs through a 30-year energy procurement agreement. Beauflor will buy solar power directly from Cherry Street, allowing it to avoid upfront capital costs while still lowering its energy bills.
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“As Georgia’s manufacturers ramp up production amid rising costs for grid energy, sophisticated operators seek ways to quickly and sustainably address their energy needs,” said Cherry Street CEO Michael Chanin. “On-site solar with no capital expense delivers just that: reliable, affordable electricity.”
Chanin added that the system’s power output is especially impressive: “The previous record-holder for metro Atlanta’s largest rooftop solar required over 4,000 panels. We’re using less than 2,000 to reliably generate even more power.”
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.
Eva Marie Uzcategui | Bloomberg | Getty Images
Block shares jumped more than 10% in extended trading on Friday, as the fintech company gets set to join the S&P 500, replacing Hess.
It’s the second change to the benchmark this week, after S&P Global announced on Monday that ad-tech firm The Trade Desk would be added to the S&P 500. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in a deal that closed Thursday.
Hess’ departure comes just after Chevron completed its $54 billion purchase of the oil producer, prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana.
Block will officially join the S&P 500 before the opening of trading on July 23, according to a statement from S&P. Stocks often rally when they’re added to a major index, as fund managers need to rebalance their portfolios to reflect the changes.
Most alterations to the S&P 500 take place during the index’s quarterly rebalancing. However, in the case of the closing of an acquisition, a company can be removed from the index and replaced off schedule. Last week monitoring software company Datadog took Juniper Networks’ place in the S&P 500 as part of the index’s quarterly change.
Block’s addition brings further tech heft to an index that’s been steadily moving in that direction in recent years, reflecting the market cap gains of companies across the sector. Block, which gained popularity as Square due to the rapid growth of the company’s payment terminals, has expanded into crypto, lending and other financial services.
Founded by Jack Dorsey in 2009, Square changed its name to Block in 2021 to emphasize its focus on blockchain technologies.
Block shares are down 14% this year, underperforming the broader U.S. market. The Nasdaq is up more than 8%, while the S&P 500 has gained 7%. Still, with a market cap of about $45 billion, Block is valued well above the median company in the index.
In May, Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook, leading to a plunge in the stock price. Block’s forecast for the second quarter and full year reflected challenging economic conditions that followed sweeping tariff announcements by President Donald Trump.
“We recognize we are operating in a more dynamic macro environment, so we have reflected a more cautious stance on the macro outlook into our guidance for the rest of the year,” the company wrote in its quarterly report.
The company is scheduled to report second-quarter results after the close of regular trading on Aug. 7.