Self-Driving Cars Could Net Billions

According to a new study by McKinsey & Company self-driving cars could generate billions of dollars a year in revenue from mobile web services and products.

Some of the revenue generating behavior includes -

• Reducing car accidents by 90%, saving $200 billion a year
• Shaving off 50 minutes a day in commuting time
• $5.6 billion a year in digital revenue for each additional minute that vehicle occupants spend on the internet

Drivers will spend more free time in their cars on the internet and using premium in-car services as opposed to actually driving.

It has been estimated that upward to 10% of US jobs will be displaced by self-driving cars but with these revenue estimates we can imagine that new jobs and new industries will be created, employing displaced workers.