The economic benefits of self driving cars

So in total we have $317 billion from fatal crashes, $226 billion for non-fatal crashes, and $99 billion in time savings. That’s a total of $642 billion a year in welfare that self-driving cars can generate. These are extremely conservative back of the envelope calculations, and it misses a lot of important benefits like senior citizens who currently can’t drive at all right now, and the cost savings to households who gain much cheaper access to cars by renting them by the hour. But even leaving all those benefits out, $642 billion is a really, really big deal.