for Securing America’s Future Energy
A new report estimates that autonomous vehicles will add between $3 to $6 trillion in cumulative consumer and societal benefits to the U.S. economy by 2050.
A new report from SAFE estimates that total annual benefits of autonomous vehicles could possibly reach as high as $800 billion by 2050.
The auto industry is reportedly conveying to the administration that it wants to seek a compromise with California in order to avoid two different fuel economy standards.
Panelists at an event on Capitol Hill emphasized the importance of taking advantage of today’s environment to shape technological changes in the transportation sector for the benefit of the public interest and to mitigate any unintended consequences.
"The more miles that autonomous vehicles travel—on different roads, in different environments, and under various weather conditions—the more quickly their safety improves."
'Fuel economy regulations are a preemptive strike against collusion and market-distorting behavior. In fact, current regulations will eliminate 12 billion barrels of oil imports between 2015 and 2040.'
While consumers are expected to warm to self-driving vehicles over time, the auto industry has adapted quickly, embracing autonomous technology and driving innovation.
There’s growing evidence of the natural link between autonomous and electric vehicles.
While new data from California provides some insight to gains for AVs, the real story is the fact that the industry needs consistent monitoring and metrics nationwide to drive a deeper understanding of the technology and its capabilities.
Transparency in the industry and an effective regulatory framework are needed in order to deploy the new technology in a safe and effective manner and for society to see its full benefits.