The autonomous car industry is about to get hammered

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Today on Speed Lines: The “coronavirus economy” means a huge potential setback for self-driving car tech.

Good morning and welcome back to Speed Lines, The Drive’s morning roundup of what’s going on in the world of transportation. I think it’s Wednesday, although I’m not really sure anymore, let alone what that even means.

A ‘Bumpy Road’ Ahead For Self-Driving Cars.

As I’ve said many times on Speed Lines this year, the pandemic is unique in that it has left virtually no facet of daily life or sector of the economy untouched. It’s already drying up the capital markets, and that’s extremely bad news in the world of autonomous vehicles. Development of that technology is costly for both legacy automakers and new startups, yet there’s still no clear path to widespread deployment or profitability.

Adding semi-autonomous features to your next Cadillac or Volvo is one thing; creating fully robotic cars, and making money while doing so, is another thing. And it may be a pipe dream in this economy.

Continue reading… “The autonomous car industry is about to get hammered”

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