Autonomous Vehicles

Autonomous vehicles could be one of the biggest opportunities of our time.

The potential impact is massive. Today, owning a car costs about 70 cents per mile. Autonomous ride-hailing could cut that to just 25 to 35 cents per mile, making it not only cheaper than owning a car but also close to the price of public transit. The savings come from higher utilization, no driver costs, lower insurance, and the efficiency of electric vehicles.

The productivity gains are just as important. The average American spends more than 420 hours a year behind the wheel, equal to about 10 work weeks. Freeing up that time to work, connect, or simply relax could unlock trillions in economic value.

Safety is another major benefit. Since most accidents are caused by human error, autonomous vehicles could reduce crashes by more than 80%. That would save tens of thousands of lives in the US every year and well over a million globally.

Shared fleets make the model even more efficient. For example, it’s estimated that only 200,000 robotaxis could handle all of Austin’s urban travel demand.

We’re now reaching the tipping point. Adoption is spreading quickly, powered by advances in AI, better batteries, and growing regulatory support. Autonomous vehicles are no longer just a vision of the future. They’re becoming one of the most transformative innovations in history.