Report: AVs Will Reshape Tenn. Economy
Jan. 27, 2020—Tennessee should see its economy reshape with the help of AVs, according to a new report. The report, titled "Potential Impact of Autonomous Vehicles on Tennessee's Economy," finds that the rise of driverless cars and transition to electric vehicles should open new opportunities in the state for jobs, companies, and potentially industries, according to the press release.
According to the press release, nearly one in six jobs in Tennessee is tied closely to the vehicle sector in three categories: manufacturing, support, and use of vehicles. Most 119,000 Tennesseans work in vehicle support jobs at automobile dealerships, gas stations, auto repair shops, and maintenance or tire stores. The study finds that nearly all employment in existing vehicle support industries and occupations will change drastically because fleet ownership of autonomous cars is more likely than individual ownership.
The report was written by Bill Fox, director of the Boyd Center for Business and Economic Research in the Haslam College of Business at the University of Tennessee, Knoxville.