Why Apple And Amazon Are Planning Self-Driving Cars

This article originally appeared on the Motley Fool. IHS estimates that there will by 76 million autonomous vehicles on the road by 2035, and Boston Consulting Group expects the driverless car market to be worth $77 billion by that year. Autonomous vehicles have the potential to upend the transportation and technology industries, something that isn't lost on Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN). Both companies have been in the spotlight recently for their self-driving vehicle plans, so let's take a look at what each is doing with driverless car technology and why. A recent Wall Street Journal article (paywall) said Amazon created a driverless car technology group about a year ago with the intention of figuring out how to use autonomous vehicles to improve its delivery process.