Innovation Highway: Unlocking the Social and Economic Benefits of Autonomous Vehicles

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August 14th, 2023

This report examines the potential social and economic benefits of autonomous vehicles (AVs). The U.S. and global markets for AVs will be extensive, and companies in the United States, China, Japan, and elsewhere are competing to develop and market them. The appeal and benefits of AVs rest on their potential to sharply reduce traffic accidents, enhance people’s mobility and access (especially for those who have physical or visual limitations), reduce greenhouse gas emissions, and provide substantial economic benefits for the public. This report presents econometric models to estimate those potential benefits.

View the full report here.