New Study Shows Ride-Sharing to Fuel Sales of Autonomous Vehicles
If present is prologue, the explosive growth in ride-sharing services and related investments will fuel the sales of autonomous, or self-driving cars, to explosive levels over the next decade.
In fact, a new report from Juniper Research says self-driving cars will reach 14.5 million in 2025, up significantly from only a few thousands in 2020, to give a global installed base of more than 22 million consumer vehicles by 2025.
The new research, found that the acceleration of market adoption of AV (Autonomous Vehicle) technology will be driven by:
- Increasingly stringent vehicle safety specifications;
- Environmental pressures;
- Rapid technological developments.
It is projected that driverless vehicles will have a disruptive impact on transportation around the world and will ultimately lead to millions of professional drivers being made redundant. Juniper predicts that city-based taxi services will be one of the key early adopters of driverless vehicles.
However, the research warned that following the first-ever fatality in an AV vehicle, the recent Tesla S accident in Florida, the AV industry must convince the public that their vehicles are completely safe.
Juniper found that a number of major OEMs including BMW, Toyota and GM are accelerating their AV development and testing programs and now have firm plans to launch production vehicles
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