Autonomous vehicles are cost-effective when used as taxis

Table 3 The cost, quality-adjusted life years gained, and 95% confidence intervals (CIs), and incremental cost-effectiveness ratios (ICER) from our microsimulation models (based on 10,000 microsumulations) for human piloted vehicles (HPVs) versus: privately-owned autonomous vehicles (AVs), AVs 5 years in the future, and AV taxis. The final simulation compares human piloted taxis versus AV taxiss

	Cost	95% CI		QALYs	95% CI		ICER
		2.50%	97.50%		2.50%	97.50%
Human-Piloted Vehicles Versus AVs
HPVs	286,146	155,949	653,505	16.41	0.99	28.18
AVs	425,757	288,479	594,010	16.51	1.47	28.34	1,396,110
AVs in 5 Years^a	303,535	173,959	613,182	16.51	1.47	28.34	173,890
AV Taxis	447,667	306,002	634,870	16.51	1.47	28.34	1,615,210
Human-Piloted Taxis Versus AV Taxis
HPT	570,032	222,787	1,205,646	16.41	0.99	28.18
AV Taxis	447,667	306,002	634,870	16.51	1.47	28.34	Saves money and QALYs

Incremental cost-effectiveness ratios in this analysis are only useful insofar as they inform consumers of the value of an AV relative to a conventional car on the grounds of the best available health data. These data are subject to considerable uncertainty
^aAVs were assumed to fall in price according to Moore’s Law, but were not assigned increased effectiveness

ISSN: 2197-1714