Executive Briefings

Technology Companies Speed Ahead of Automakers in Developing Driverless Cars

In the race to put autonomous vehicles on read roads, technology companies may overtake automakers. According to a report from IHS Automotive, companies like Google and others are currently working toward solutions in the autonomous vehicle space and Google is in the lead. IHS Automotive estimates the technology company has invested nearly $60m so far in autonomous vehicle research and development, at a run rate of nearly $30m per year.

The appeal of autonomous vehicle technology goes beyond the Batmobile appeal of driverless cars. Analysts say autonomous vehicles will likely produce efficiency and environmental benefits, which may explain why everyone from Tesla to Apple and Google are jumping on this low-emission, driverless bandwagon.

"Right now, autonomous vehicles are all at the prototype or early product stage, so we don't really know exactly what benefits there will be, if any. That said there are good reasons to believe that autonomous vehicles will have a lot of environmental benefits that we can try to estimate and model," says Mark Bünger, Lux Research's vice president of research.

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The appeal of autonomous vehicle technology goes beyond the Batmobile appeal of driverless cars. Analysts say autonomous vehicles will likely produce efficiency and environmental benefits, which may explain why everyone from Tesla to Apple and Google are jumping on this low-emission, driverless bandwagon.

"Right now, autonomous vehicles are all at the prototype or early product stage, so we don't really know exactly what benefits there will be, if any. That said there are good reasons to believe that autonomous vehicles will have a lot of environmental benefits that we can try to estimate and model," says Mark Bünger, Lux Research's vice president of research.

Read Full Article