Economic Effects of Automated Vehicles

Economic Effects of Automated Vehicles

Connected and fully automated or autonomous vehicles (CAVs) are becoming increasingly viable 23 as a technology and may soon dominate the automotive industry. Once CAVs are sufficiently 24 reliable and affordable, they will gain greater market penetration, generating significant economic 25 ripple effects throughout many industries. This paper synthesizes and expands upon analysis from 26 multiple reports on the economic effects of CAVs across 13 different industries and the overall 27 economy.

Key findings

93% of vehicle related crashes are due to human error, a reduction in those could decrease governmental costs of $488 million per year.

CAVs will allow the elderly and disabled more mobility options.

Economic effects of CAVs will extend beyond crash, productivity and fuels savings.

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