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Alcohol Detection Systems In Autos Could Prevent Thousands Of Deaths Each Year Becoming Big Business for Ride-Sharing

PR Newswire - Tue Aug 9, 2022

PALM BEACH, Fla., Aug. 9, 2022 /PRNewswire/ -- Rideshare companies are evolving to utilize technology to make riders safer for their drivers and passengers. Ride-sharing is a vehicle service that matches drivers of private cars with people looking for local transportation. It's an arrangement where passengers connect with drivers through mobile apps or websites. Then they are taken to a certain destination alongside other commuters. The ride-sharing industry has grown at a rapid rate in recent years. Increased population and industrialization around the world, especially in larger cities means an increase in road traffic, and the need for comfortable transportation is at an all-time high. A recent report said that the ride-sharing industry is worth an estimated $61 billion and is projected to reach an estimated $220 billion by 2025.   Consumer reports recently discussed a new study from the Insurance Institute for Highway Safety (IIHS) estimates that putting alcohol detection technology in all cars has the potential to save more than 9,000 lives per year.  Anyone with a driver's license knows that alcohol- or drug-impaired driving is illegal. Yet according to the National Highway Traffic Safety Administration, more than 10,000 people are killed in crashes involving drunk drivers every year. That's nearly 30 percent of all motor vehicle fatalities, a percentage that has remained static every year over the last decade.   Active companies in the markets this week include: SOBR Safe, Inc. (NASDAQ: SOBR), Uber Technologies, Inc. (NYSE: UBER), Lyft, Inc. (NASDAQ: LYFT), Grab Holdings Limited (NASDAQ: GRAB), Acadia Healthcare Company, Inc. (NASDAQ: ACHC).

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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