What is V2V and V2I?
With autonomous vehicle technology taking hold, the future of transportation looks towards more coherent traffic management. In order for self-driving vehicles to operate efficiently, it is dependent upon intercommunication between different elements of a transportation system. Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) are technologies that, once fully deployed, may facilitate this communication. V2V and V2I systems work by ensuring that inter-vehicle communication is interconnected with the whole of a city’s infrastructure. This technology effectively serves as extension of current safety features, such as blind spot and lane departure warning systems of modern vehicles, only on a more grand, city-level scale.
V2V and V2I Technology Benefits
Setting the standards and mandating the usage of V2V and V2I is going to be a challenge for the National Highway Traffic Safety Administration (NHTSA) over the next few years. However, there a number of benefits to consider once the technology is implemented.
- Improved transportation safety will mean less accidents. Left turn and intersection movement assistance will alone account for 600,000 fewer crashes a year, with full deployment set to prevent some 80% of non-alcohol-related accidents.
- Quality of life will increase by optimizing traffic. For instance, shorter commute times as a result of improved traffic flow will not only diminish accident frequency, but also relieve frustrations associated with terrible traffic.
- Community will benefit from fewer accidents and traffic violations, which better facilitates first responder access to emergency situations and allows for more accessible parking.
- Environmental benefits includes better emission control due to decreased idling time and less congestion.
Risks and Insurance Policy Changes
Although there are a number of benefits that can result from the deployment of these technologies, the risks are not to be overlooked. An obvious concern would be the threat to cyber safety, affirming that advanced security infrastructure is paramount. With the information flowing freely between vehicles and infrastructure, there is also a privacy risk. The system should be virtually bulletproof when relaying data and information to any particular individual.
There will have to be some changes applied to public entity insurance, as well. As a result of the implementation of this advanced technology, property values will increase. This will cause different risk types to shift, which will warrant rate modification. On principle, public entities will have to deal with less physical damage, but higher high-tech equipment risks.
It is estimated that we are 5-10 years away from full deployment of V2V and V2I systems. Once they are established, these systems will redefine how cities function on a holistic level.