Autonomous vehicles get in the fast lane for next decade

By 2030, a tenth of vehicles worldwide will be self-driving, and the market volume of fully automated cars getting into gear by this time is expected to be worth $13.7bn, according to the latest DossierPlus report from Statista. The analyst's study said that after billions of miles of tests in simulations or on public roads, self-driving cars are beginning to leave the test tracks. Autonomous driving has come a long way since Waymo (previously named the Google Self-Driving Car Project) started testing self-driving cars. The report noted that digital taxi firm Uber has invested more than $1bn over three years on self-driving cars. Statista also observed that when General Motors subsidiary Cruise received US$3.4bn in funding in 2018, the overall automotive startup funding had increased ten-fold over the past five years, reaching a record-breaking $US 27.5bn in 2018.