By 2040, it’s estimated that more than 33 million driverless cars will be sold annually. That figure will represent 26% of all new vehicles sold globally that year, and will be a massive increase from the 51,000 self-driving cars that are expected to be sold in 2021.
And with the explosion of driverless-vehicle sales will come considerable benefits to the public. Autonomous vehicles are expected to save 300,000 lives in the U.S. each decade because the cars will be much safer and crash less often than human drivers.
These vehicles are also expected to generate huge revenues for some automakers and technology companies: They’re expected to create a massive $7 trillion passenger economy as new delivery and ride-hailing services sprout up around the self-driving vehicle market.