Self-Driving Cars Could Soon Save the Average Family at Least $5,600 a Year

The report was published by RethinkX, an “independent think tank” created by James Arbib, a London-based venture investor, along with serial entrepreneur and author Tony Seba. It says that as self-driving vehicles become common, most people will stop owning cars and instead pay by the ride for Uber-like on-demand autonomous electric vehicles. Doing so could save a family more than $5,600 a year — equivalent to a wage raise of 10% for the median American household.


“This will keep an additional $1 trillion per year in Americans’ pockets by 2030, potentially generating the largest infusion of consumer spending in history,” the report says.