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Tuesday, October 16, 2018

Autonomous Vehicles on the Fast Track

By Rand Stephens (Houston)

In April, I discussed the oncoming tidal wave of autonomous vehicle technology and its impact on traditional mass transit systems. I made the case for municipalities to embrace the innovations being made in transportation rather than continuing to invest in traditional mass transit infrastructure. It is increasingly apparent that these transit systems will become obsolete as autonomous vehicle options develop into viable alternatives.

Photo:GM
Fast-forward six months to October. GM has requested regulatory permission for as early as 2019, to deploy vehicles without manual controls such as steering wheels and pedals and Honda recently announced its $2.75 billion investment into GM’s self-driving vehicle startup, Cruise. The 12-year deal includes an immediate $750 million and another $2 billion for development and deployment as agreed upon by GM and Honda. Another major collaboration on self-driving cars is Toyota and Uber. Toyota will invest $500 million in Uber Technologies for the launch of Uber’s ride-hailing network in 2021.

Do you think the driverless wave will become reality in just a few short months? Years? Or, are we still decades away? Let us know what you think in the survey below, we'll post the results on the November blog.



Click here if the embedded survey isn't working.

(Rand Stephens is a Principal of Avison Young and Managing Director of the company’s Houston office.)

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