Market Dynamics
The economic impact of “crasher wake” is significant. The loss of productivity and economic output due to traffic accidents costs the global economy billions of dollars annually. In the United States alone, traffic accidents cost an estimated $242 billion in 2020, according to the National Highway Traffic Safety Administration. These costs include lost wages, medical expenses, property damage, and insurance costs. The economic burden of traffic accidents is borne by all members of society, but it disproportionately impacts low-income and minority communities.
