U.S. DOT Delayed Requirements for Rear View Camera

Total benefits: 300 lives saved per year times $2 million per life equals $600 million. Total cost of rear view cameras: $200 per car times 12.8 million cars equals $2,560 million. Net benefits: -$1,960,000,000. That’s right — costs exceed benefits by a whopping $1.96 billion. The benefit-cost ratio is 0.23. Continue Reading →