Thirteen of the world's fourteen largest automakers have announced plans to bring autonomous vehicles to market, meaning the development of driverless vehicles is no longer a futuristic pipe dream, but something that's currently happening around us.
The UK is fast-becoming a global hub for the development of autonomous and connected vehicle technologies, with three key consortia championing the UK as a leader in this market.
Gowling WLG is the only law firm part of UK Autodrive, the largest consortia currently trialling automated vehicle technology as part of a government-backed initiative to support the introduction of self-driving vehicles into the UK.
Our white paper series
As the only law firm involved in a consortium, we are contributing to the thinking on societal and legal issues around the development of autonomous vehicles by developing a series of white papers.
As part of the series, we ask questions like... What are the data protection risks when it comes to driverless vehicles? And Is there enough regulation around the moral algorithms of driverless vehicles?
The first two in the series, covering data protection and the moral algorithm of driverless vehicles, have already been released. Future papers in the series will discuss liability, infrastructure and legislative aspects of driverless vehicles.
Investing in AVs - changing perceptions
As well as our white paper series, in conjunction with Economic Research Agency Explain the Market, we have commissioned a year-long research project to track investment in the UK Autonomous Vehicles sector. This is the first wave of a study of over 1,000 investors. The new ongoing tracker study will track the confidence, attitudes and opinions of UK investors to the AV sector & reveal what investors really want as the sector develops. The study will also probe the real barriers and factors that impact confidence.
Our findings so far
Results from this first quarter of new research reveal widespread support by professional and private investors for the UK Autonomous Vehicle (AV) sector.
64% of investors say they believe driverless cars will be on UK roads within 10 years.
Over 10% of investors already claim to be actively investing in the sector, and - whilst 67% of UK investors are considering investing in the sector either now or in the future - almost 70% want more information about AV investment opportunities.
"Cars can already do so much. Things are moving fast but I'd like to understand better how to get involved from an investment perspective"
Source: Q1 AV Tracker private investor interview
To find out more about what investors have to say, download the full report.
To find out more
For more information or to discuss how we may be able to support you, please contact Stuart Young.