Robocars Could Add $7 Trillion to the Global Economy

Economy

By wired.com

Mention autonomous vehicles, and people conjure two visions of the future. The rosy picture features a world in which cars zip around by themselves, allowing commuters to while away their time checking email as they benefit from technology expected to save 600,000 lives by 2045. The dystopian view holds that all those vehicles will put some 5 million truckers, cabbies, and other drivers out of work.

The truth, of course, lies somewhere between the two extremes. But however it shakes out, the global economy will see a big boost. Like, a $7 trillion, with a t, boost.  That’s the word from the data crunchers at Intel and the research company Strategy Analytics. The robocar sector could add as much as $2 trillion to the US economy alone by 2050.

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