Executive Briefings

Automakers, Start Your Engines: China Has Huge Appetite for Driverless Cars

Some argue that conditions in China are actually more favorable for quick adoption of driverless cars, in part because of more aggressive support from the national and local governments. And, unlike in the United States, China never fully developed a romance with the open road and car ownership.

Automakers, Start Your Engines: China Has Huge Appetite for Driverless Cars

Car ownership has spiked in China, of course. And in recent years, it has become a middle-class status symbol to own a car. For the ultra-wealthy, there are clubs dedicated to Ferraris and Maseratis.

But enormous traffic jams in China's largest cities can make driving a less-than-romantic experience. Why not let a machine built with artificial intelligence inside do the work for you?

Research done by the Boston Consulting Group suggests that within 15 years China will be the largest market for autonomous vehicles, said Xavier Mosquet, a managing director at the firm. Automated taxis will most likely lead the trend.

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Car ownership has spiked in China, of course. And in recent years, it has become a middle-class status symbol to own a car. For the ultra-wealthy, there are clubs dedicated to Ferraris and Maseratis.

But enormous traffic jams in China's largest cities can make driving a less-than-romantic experience. Why not let a machine built with artificial intelligence inside do the work for you?

Research done by the Boston Consulting Group suggests that within 15 years China will be the largest market for autonomous vehicles, said Xavier Mosquet, a managing director at the firm. Automated taxis will most likely lead the trend.

Read Full Article

Automakers, Start Your Engines: China Has Huge Appetite for Driverless Cars