Control Systems / Remote Monitoring / Software

Study: Driverless cars could save U.S. $300B a year

By The Hill

Jan 26, 2017

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Self-driving cars could eventually save the U.S. hundreds of billions of dollars because of a dramatic reduction in traffic crashes, according to a new study.

GPS tracking company Global Positioning Specialists found that the U.S., which loses more money on car crashes than any other country in the world, could save $306 billion a year due to the impacts of autonomous and connected vehicles.

But self-driving cars can create their own set of safety issues, and any bumps in the road could deliver a major setback for their widespread adoption. Some have also worried about the impact of robot cars replacing human drivers in trucking, freight, ride-hailing and other sectors of the transportation industry.

Read the full story at thehill.com.