It turns out all those fancy automotive safety devices cannot only help save lives, they can also save cash. According to The Economic Impact of Motor Vehicle Crashes, roughly $230.6 billion was exhausted on motor vehicle crashes in 2000 in the U.S. Nearly 42 thousand people perished that year, and 28 million vehicles were damaged.
The same government report also revealed that 5.3 million individuals suffered non-fatal injuries, 39% of all traffic-related deaths were attributed to alcohol and such substance-induced accidents cost about $51 billion. Public tax revenues, amounting to $21 billion, paid the costs incurred by 9% of crashes. That's $200 for each household in America.
But wait. There's more. Lost market productivity was estimated at $61 billion, property damage at $59 billion, medical expenses at $32.6 billion and the cost of travel delays at $25.6 billion. Each fatality produced a discounted lifetime cost of approximately $977,000.
Active and passive safety systems developed by automotive engineers and their colleagues may be a bigger part of the answer than we might suspect. Systems currently being developed are addressing both the monetary and safety concerns of our roadways through devices that have automatic responses to dangerous conditions or events. For instance, adaptive cruise control adjusts the speed of the vehicle to maintain a preset time gap from the vehicle ahead. Active night vision uses infrared illuminators to help drivers to see better when driving at night and electronic stability control improves the safety of a vehicle's handling, helping the driver maintain control of the vehicle.
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