Autonomous vehicles, also known as self-driving, refers to cars and trucks that are capable of sensing and navigating safely around roads in all weather conditions with little or no human intervention required. Simply put, self-driving vehicles can navigate from point A to point B entirely using their onboard software, sensors, and navigation systems. Autonomous vehicles have tremendous disruptive potential and the rate at which we adopt these new technologies could dramatically alter the way our cities look and how our existing infrastructure and transportation systems function. This megatrend has spurred interest among companies of all types, including:
- Industry leaders like Tesla which are focused on in-house engineering expertise
- Auto industry incumbents like Ford and GM which aim to make these technologies more mainstream
- New entrants like Uber and Lyft revolutionizing everyday transit through ridesharing
- Traditional transportation companies which stand at risk to see their business models disrupted.
This trend is still very much in its infancy; there are no fully autonomous vehicles on the road yet and we’re just scratching the surface in figuring out rules and regulations for these advances.
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As of 02/05/23