Autonomous vehicle market trends and best practices

Date: Wednesday May 10, 2023

With the improvement of environmental perception technologies, such as lidars and radars, as well as artificial intelligence, autonomous vehicles (AVs) have gained momentum in recent years. Many start-ups introduced vehicles able to hit the road with no driver behind the wheel. Thus, billions of dollars were invested over the last decade. For instance, Waymo, Alphabet’s self-driving technology unit, raised a total of $5.5 billion in funding and Cruise, self-driving car company and subsidiary of GM, raised $15 billion.

Several years later, stakeholders are becoming aware of the complexity of mixing unpredictable human drivers with autonomous vehicles in one road section. Furthermore, the individual autonomous vehicle market has yet to see success. Raising concerns amongst investors and making them cautious about AVs.

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