Road Regulation
Autonomous vehicle technology is already redefining the way businesses and cities around the world approach transport. With the transportation revolution well underway, GC magazine speaks to the industry’s lawyers and thought leaders about the road ahead for autonomous vehicles.
In the coming decades, fully autonomous vehicles are set to take over the mainstream. A 2017 study released by Intel predicted that, by 2050, autonomous vehicles will represent a $7tn revenue stream worldwide. Allied Market Research projects the autonomous vehicle market to grow worldwide from $54.23bn in 2019 to $556.67bn in 2026 – suggesting that the developed world is speeding toward ubiquitous adoption of autonomous vehicles.
The signs are already there: Tesla’s driver-assistance software, Autopilot, is inching closer to true autonomy all the time; in 2019, the United Kingdom government announced its intention to have fully driverless cars on British roads by 2021; and Uber has been testing self-driving cars in the US since 2016.
