AVs promise tremendous benefits

Thursday, 14 April 2016

by: Qurius

From BCG report 'Revolution versus regulation'.

Autonomous vehicles (AVs) promise tremendous societal benefits. The widespread adoption of AVs could eliminate the more than 30,000 annual U.S. road fatalities, improve travel time by as much as 40 percent, recover up to 80 billion hours lost to commuting and congestion, and reduce fuel consumption by as much as 40 percent.

Those societal benefits could be worth as much as $1.3 trillion in the U.S. alone, according to various studies. Consumers are keen to embrace AVs. Moreover, it’s likely that AVs can be manufactured and marketed affordably and profitably.