This is a chart that shows how much money autonomous vehicles may likely save Americans.

It starts with taking the 254 million cars in America¹ and removing the $8950 annually that we’re all paying² to use them privately. Then we add back in the reduced amount of money that shared car users are will be paying³ to get a baseline expense number. Next we assume that autonomous vehicles will be at least 99% safer than human driven vehicles (Google’s fleet is already proving safer than that) and adjust for the $871 billion we’re currently paying for accidents in America.⁴ Finally we take out just a few of the major industries that rely on private car ownership like the aftermarket,⁵ parking,⁶ car care⁷ and car rental⁸ industries that Americans are currently paying for.

And that’s just the hard costs. If we also put a value on the 75 billion hours America spends behind the wheel⁹ every year, and I’ll value that time at the US national average wage of $42,700¹⁰ and we assume a 2000 hour work year then that means that time is worth 1.6 trillion dollars.

So the total savings from autonomous vehicles come to about $4.43 trillion dollars. Every twelve months.