How Insurance Markets Will Expand in the Age of Autonomous Vehicles
Posted on Nov 21, 2018 in Insurance Developments and Trends | Comments Off on How Insurance Markets Will Expand in the Age of Autonomous Vehicles
Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according to a report by market analyst Accenture released last year. In fact, new coverage lines will generate substantially more premiums than are lost – to the tune of almost $81...
How Autonomous Vehicles Could Shape Future Development
Posted on Nov 13, 2018 in Uncategorized | Comments Off on How Autonomous Vehicles Could Shape Future Development
Autonomous vehicles are poised to dramatically change cities’ roads (from congestion to safety) and commuting patterns, but developers think the innovation will also have a profound impact on the types of buildings that can be constructed. According to ZOM Living CEO Greg West, the greatest constraining factor to urban real estate development is parking. Building entrances for people...
US Department of Transportation Releases “Preparing for the Future of Transportation: Automated Vehicles 3.0”
Posted on Oct 4, 2018 in Uncategorized | Comments Off on US Department of Transportation Releases “Preparing for the Future of Transportation: Automated Vehicles 3.0”
The US Department of Transportation (USDOT) released new Federal guidance for automated vehicles, advancing its commitment to supporting the safe integration of automation into the broad multimodal surface transportation system. ‘Preparing for the Future of Transportation: Automated Vehicles 3.0’ (AV 3.0) builds upon—but does not replace—voluntary guidance provided in ‘Automated...
Volkswagen in talks on self-driving car standards
Posted on Sep 13, 2018 in Uncategorized | Comments Off on Volkswagen in talks on self-driving car standards
Volkswagen is in talks with other carmakers to set common standards for self-driving vehicle technology, Automotive News reported. The Volkswagen Group is discussing the initiative with more than 15 potential partners, according to the report, which cited an anonymous company executive. It did not identify any of the other companies involved. Manufacturers including BMW have indicated...
Toyota Expanding Alliance With Uber
Posted on Aug 28, 2018 in Uncategorized | Comments Off on Toyota Expanding Alliance With Uber
A recent Los Angeles Times article provided details on the relationship between Toyota and Uber. Toyota is expanding an alliance with Uber by way of a new investment and a plan to get self-driving cars on the road, a person familiar with the matter said. The Japanese automaker will invest about $500 million in a deal that will value the ride-hailing company at $72 billion, said the...
