Driverless Cars Could Lead To Massive $300Billion A Year Savings In US

With over $340 billion lost to traffic accidents each year in the US, we could be looking at savings of up to $306 billion per year if all the cars on the roads were fully autonomous.

In order to come up with these figures, experts at Global Positioning Specialists (GPS) calculated not just the potential GDP savings through driverless cars in the US, but in more than 73 countries.

The US of course topped the list, with over $340 billion in losses, the largest amount of GDP lost in the world. The study also revealed that an estimated 90% of crashes are caused by human error – so eliminating those would be massive from a financial standpoint.

“This research has to facets to it, on the one hand there is the amount of money which we spend on accidents each year, which in itself is interesting,” explains head of GPS, Lucille Michaut. “Then you realize how many of these accidents could be avoided with new driverless technology.”

“Governments will never spend on investing in things like this unless there is concrete evidence, but here we have proved there are strong economic reasons to invest in driverless technology, as well as the obvious improvement to public safety.”

According to The Hill, all these potential economic and safety benefits of autonomous technology are emerging at a time when traffic fatalities are actually climbing – with 35,092 reported fatalities in 2015, the largest spike in 50 years.

Photo Gallery

Driven: 2019 Hyundai Kona Elite Is A Crossover You Might Actually Want

Behind its cute looks, the Kona is a crossover with lots of appealing features that won’t break the bank.

Drako GTE Is A 1200 HP Electric Hyper Sedan That Promises Supercar-Like Handling

Loosely based on the old Fisker Karma, it’s got a massive output, impressive tech and costs $1.25 million.

2019 BMW 330i Fights The Clock At The Hockenheim GP Track

For a four-pot-powered sports sedan, the new generation 330i performed remarkably well on the circuit.

Mercedes-AMG GT 63 S: A Sexy Super Saloon For Those Who Want It All

The GT 63 S four-door combines aggressive looks, room for four and extreme performance, so if you can afford it…

2020 Mitsubishi L200 Arrives In The UK With £21,515 Base Price

The updated L200 remains a true workhorse, but it now looks more modern and is much improved in all aspects.

Renault Triber Is Bound To Be Full Of Compromises – So, Is It?

Renault’s budget SUV for the Indian market is built to a price, but this doesn’t mean that customers must pass on it.

The UK Now Has More EV Charging Locations Than Gas Stations

Compared to the 8,400 fuel stations, there are currently 9,300 locations for EV car charging in Britain.

Is The e-Legend Concept The Best Looking Peugeot Ever Not Made?

Aside from great design, the e-Legend also boasts a 456 HP electric powertrain and Level 4 autonomy .

Opel To Show “Most Fuel Efficient” Astra Ever, New Corsa, Hybrid Grandland X In Frankfurt

Opel is playing on its home ground on this one, so it’s only natural to go with all guns blazing as it’s making its comeback.

Family Matters: 2019 Audi TTS Takes On First-Gen R8 4.2 FSI

A used, V8-powered R8 costs about as much as a brand new 2019 TTS Coupe, but which one is faster?.