Society
What are the Societal Benefits of Autonomous Vehicles?
The consumer and societal benefits are estimated to reach $800 billion per year by 2050.
- By 2050 cumulative value of AV benefits is estimated to be between $3.2 and 6.3 trillion.
- By 2050, AVs will save $71 billion in congestion costs annually.
- By 2050, AVs will reduce accidents with an economic impact of $118 billion annually.
- By 2050, AVs will save $58 billion in oil consumption annually.
