Autonomous cars create 'huge' opportunity for Israeli tech, report says

The car manufacturing industry is undergoing a huge transformation after having been free of significant disruptions for about 100 years, since the first mass-manufactured car was marketed by Ford Corp. in 1903. The first change is the replacement of the internal combustion engine, the workhorse that has powered cars since the early twentieth century, with an electric engine. A continuous increase in the production and purchase of electric vehicles is to be expected over coming years, a 2017 report by Israel's Innovation Authority published on Monday said. Get The Start-Up Israel's Daily Start-Up by email and never miss our top stories Free Sign Up The second change is the autonomous vehicle revolution, which will push the world to transfer the driving of cars from humans to machines and bring a "dawn of a new transportation age," the report said. Most car manufacturers have set the early 2020s as the target for entering the market with cars that will drive autonomously 90-95 percent of the time.