April 12, 2025

· Cisco: Interconnected to save bicycle costs over $ 1,400 / year

Recently, Cisco's Connected Car Director Andrews Mack said that connected cars on a unified communications network platform can save bicycles personal and social costs by more than $1,400 a year. And this is probably the biggest attraction of connected cars.
According to Mai, $550 can help auto users reduce operating and insurance costs; $420 is used to reduce social costs caused by traffic accidents, congestion and pollution; by providing quality assurance, after-sales service, remote diagnosis and pre-diagnosis, software updates, etc. Helping the auto industry save $300 in cost; as new companies create new business models, such as location services, electronic parking and car sharing, saving $160.
Statistics show that an average of 8 million traffic accidents occur every year worldwide, killing about 1.3 million people and injuring more than 7 million people. We have more than 90 billion hours of traffic congestion, causing 220 million tons of carbon dioxide emissions, equivalent to global GDP. A trillion dollar loss. In this regard, the automotive industry's response is to produce more energy-efficient and environmentally-friendly vehicles, including electric vehicles, but even the most energy-efficient and environmentally-friendly vehicles will not be able to maximize their performance due to urban traffic congestion.
Another set of data can also explain the problem: 11%~13% of travel time is wasted on traffic congestion, 7%~12% of urban traffic congestion is caused by consumers looking for parking spaces; 10%~17% of urban fuel waste When the car is waiting for traffic lights.
Cisco believes that an integrated automotive information network can provide a true way to transform to alleviate traffic congestion and increase new liquidity. Connected cars intelligently plan the best travel routes by using real-time traffic and weather forecast information; help consumers drive safer, avoid traffic accidents, and even monitor the health of drivers to deliver important data to rescue centers after a collision . Connected cars have better care for consumers, lower insurance costs, reduce traffic congestion through intelligent road pricing systems, and create a new business model that will benefit different industry players.

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