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FPC manufacturer’s analysis on the impact of autonomous vehicle on economy

1) The wide adoption of automatic driving may bring significant economic benefits. FPC manufacturers are expected to achieve nearly $800 billion in social and economic benefits by 2050. This mainly comes from the reduction of vehicle collision losses, the reduction of commuter travel time, the reduction of dependence on oil, the improvement of energy security and the reduction of adverse effects on the environment.

2) The research on the traffic mode and workplace found that some economically depressed areas can improve the employment market of residents by deploying autonomous driving.

3) Automatic driving will create new jobs and replace the jobs replaced by automation in a timely manner. A strong labor force development infrastructure can not only ease employment disruption, but also accelerate the evolution of workers’ skill needs, thus promoting full employment and economic growth.

4) Through rapid deployment of automatic driving and investment in labor policy, the United States can enjoy all the benefits of automatic driving as soon as possible and prepare for future work evolution as much as possible by seeking policies to reduce workers’ costs and solve other risks or costs that may occur with the large-scale application of automatic driving.

5) When measuring under simple economic conditions, the annual economic and social benefits will far exceed the cost of replacing labor force by automatic driving after the widespread deployment of automatic driving. The benefits of autonomous driving are large enough to invest more resources to help the affected workforce.



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