Home Business Autonomous Vehicles Enter Tesla, GM Market

Autonomous Vehicles Enter Tesla, GM Market

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

While Google Inc (NASDAQ:GOOG) and now Tesla Motors Inc (NASDAQ:TSLA) steal headlines regarding self-driving vehicles, many other automakers are developing them as well and seek to slowly implement the technology in a piecemeal manner.

Autonomous Vehicles Enter Tesla, GM Market

Plenty of obstacles exist, mainly those relating to liability in the event of an accident. However, aside from the worries of insurance companies and lawyers, the feat is possible and seems to be a foregone conclusion amongst the industry. Consumers thus far have been hesitant.

Ninety percent of respondents in a survey sponsored by insurer Chubb Corp., and released by ORC International Ltd. today, said a licensed driver should be in the driver’s seat of a driverless car. Of the survey’s 1,000 respondents, only one-third said they’d feel safe on a road with autonomous vehicles.

While lawmakers battle with crafting regulation to take into account a driver-less car, automakers are pushing on, as seen in the video below showing Nissan’s best efforts.

“You’re going to have to have some kind of regulatory foundations in place at a reasonably nascent place,” said Bill Visnic, an analyst who follows autonomous vehicles for Edmunds.com. “Or else everybody’s going to get the feeling it’s the Wild West out there.”

Via: floatingpath.com

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Floating Path
Editor

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.