(Bloomberg) — Putting technology that prevents drunk drivers from starting a vehicle into every car and truck in the U.S. could save 59,000 lives and $343 million over 15 years, according to a University of Michigan study.

U-M's Injury Center and Transportation Research Institute said in the study, released Thursday, that cost savings from widespread use of ignition interlock technology could outweigh the expense of the devices after three years.

"The sheer numbers of preventable fatalities and serious injuries were surprising," Patrick Carter, an assistant professor in emergency medicine at U-M Medical School and the lead author of the study, said in a statement. "Our analysis clearly demonstrates the significant public health benefit and societal cost savings" with making the devices standard equipment in all new vehicles.

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