5 Ways Self Driving Cars Help Local Governments.

Self driving cars estimated to help local governments by:

• Adding an “excess of half a trillion dollars” via Morgan Stanley’s Autonomous Vehicles & Municipal Bonds
• Creating more efficient roadway use
• Dramatically reducing parking garages and parking spaces
• Parking structures can be redeveloped to higher value developments, increasing property tax revenue
• Increased safety will reduce emergency room visits with the reduction in traffic accidents

There will be some revneue offsets for local governments, including:

• reduction in fuel taxes, license fees, parking fees, speeding tickets and personal property taxes

Governing | Breaking Down the Financial Impact of Self-Driving Cars