Latest news with #selfdrivingvehicles
Bloomberg
2 days ago
- Automotive
- Bloomberg
Morgan Stanley Sees $200 Billion Market For Self-Driving Cars by 2030
Morgan Stanley analysts forecast that the market for self-driving vehicles will hit $200 billion by 2030. Analysts Adam Jonas and Tim Hsiao say sales of autonomous cars with Level 2 and above autonomy will jump to 28% of unit sales by 2030 from 8% in 2024. But the analysts warn of China's advantage, writing: "An outsized EV user base and tech deflation have given China an early edge, but dominance of AI computing power and data are advantages that Silicon Valley firms and Germany's Big Three can use to boost their positions." Bloomberg News Auto Reporter Keith Naughton joins Bloomberg Businessweek to discuss. (Source: Bloomberg)
The Independent
21-07-2025
- Automotive
- The Independent
Why millions of people could benefit from self-driving vehicles in the UK
A government minister has detailed the benefits of self-driving vehicles as a public consultation launches ahead of its roll-out in the UK next year. Launched today (July 21), the consultation on the automated passenger services (APS) permitting scheme will allow 'representative groups, industry stakeholders, trade unions and members of the public' to voice their opinions on how self-driving vehicles could be used. It comes ahead of the proposed roll-out of taxi-, private-hire- and bus-like services with self-driving technology from spring 2026, prior to the implementation of the Automated Vehicles Act in 2027. Lilian Greenwood, future of roads minister, said: 'Self-driving vehicles are one of the most exciting opportunities to improve transport for so many people, especially those in rural areas or unable to drive. We want to work with passengers and industry to make this new form of transport safe and accessible, as we take our next steps towards adoption. 'This technology doesn't just have the potential to improve transport for millions of people. It will help stimulate innovation, create thousands of jobs, and drive investment to put more money in people's pockets – all part of delivering our Plan for Change.' It follows on from a Government decision to 'fast-track' pilots of self-driving passenger vehicles to spring 2026, which would allow companies to pilot 'small-scale' services conducted without a safety driver monitoring the vehicle for the first time. Users would be able to book the service via an app, similar to a typical taxi or ride-hailing service. Key pointers for the consultation include how self-driving cars could be made more accessible for disabled and older people, and how 'services of self-driving vehicles are approved by councils'. The new consultation will run until September 28, 2025. When speaking on the roll-out of Self-driving taxis and bus-like services, transport Secretary Heidi Alexander said: 'The future of transport is arriving. 'Self-driving cars could bring jobs, investment, and the opportunity for the UK to be among the world-leaders in new technology. 'With road safety at the heart of our pilots and legislation, we continue to take bold steps to create jobs, back British industry and drive innovation.'
