Automakers to Introduce New Regulations for Autonomous Vehicles

United States: Global automotive and taxi service multinationals including, Ford Motor Co., Google Inc., Volvo Car Corp., Uber Technologies Inc. and Lyft Inc., have been planning to make favorable laws for uplifting the deployment of self-driving cars, along with the U.S. congress. Moreover, the Self-Driving Coalition for Safer Streets have been probing the National Highway Traffic Safety Administration (NHTSA) to amend its laws related to autonomous cars.

As per David Strickland, NHTSA administrator and spokesman for the coalition “The Coalition’s foremost priority is the safe development and deployment of fully self-driving vehicles. We support the development of a single national framework and urge NHTSA to discourage state and local policymakers from pursuing their own rules and contributing to an inconsistent patchwork of regulations.”

The incident regarding the formation of autonomous car technology laws, has occurred for the first time, wherein, the companies involved in developing autonomous vehicles, have publicly appealed, the regulators forming the rules, to amend laws related to the growth of autonomous vehicle industry.

As per TechSci Research, the constant development in the autonomous car technology industry, has made it obligatory for the law makers to form a code of conduct regarding the further evolution of the global market. Moreover, the continuously growing investment in the autonomous car technology industry, has anticipated to infuse the overall automotive sector, worldwide.

According to a recent report published by TechSci Research, “Global Autonomous Car Technology Market Forecast and Opportunities, 2035 – ADAS, Semi-Autonomous, Fully-Autonomous”, globally, the automobile sector has been constantly evolving in terms of engine performance and design. Apart from these parameters, evolution of autonomous features in passenger cars is garnering attention of consumers across the world. Global autonomous car technology market is primarily divided into three segments - Advanced Driver Assistance System (ADAS) car technologies, semi-autonomous car technology and fully-autonomous car technology. ADAS technologies are currently moving at a brisk pace on account of rising inclination towards greater automation. Moreover, fully-autonomous cars are expected to be commercially available by 2025, which is expected to translate into dramatic growth in the market. Key factors which are expected to drive growth in the market over the next twenty years include anticipated increase in regulations mandating integration of autonomous technology in new vehicles, decline in prices of autonomous technology and the rising focus on safety on roads.