zzdcar
Home
/
Reviews
/
Tech
/
A Whopping $80 Billion Has Been Invested So Far In The Self-Driving Car Race
A Whopping $80 Billion Has Been Invested So Far In The Self-Driving Car Race-August 2024
2024-02-19 EST 22:10:38

for a self-driving tech company? It’s not unheard of anymore. But sheds light on just how much loot has been spent on the race to bring fully-autonomous cars to the public. The total, so far: $80 billion.

There’s no public tracker of how much has been spent on autonomous vehicles, the report’s authors note, so they set out to calculate an aggregate total for AV investment to date, focusing on deals that were announced between August 2014 and June 2017. And it only provides a snapshot of what’s likely an even larger sum; the Institute says it only tallied deals where investments amounts were shared publicly. It’s also a far cry from an investment amount that’s expected only to grow exponentially.

Still, it’s a gargantuan sum, an indicator of how much tech companies and automakers believe that autonomy is the way of the future. From the report:

The data collected related to more than 160 separate deals, including investments, partnerships, and acquisitions. The announced figures for these deals approach $80 billion dollars. Given the limitations on available information discussed above, it is reasonable to presume that total global investment in autonomous vehicle technology is significantly more than this.

The last two years have been especially busy, evident by a timeline of major deals pieced together by Brookings:

The Brookings writers say there’s consensus that “wide deployment” of autonomous vehicles will happen in a “matter of years rather than decades.” I suppose that’s based on how you define “wide.” Automakers themselves to cycle through products and phase-out manually-operated vehicles, and the initial deployment of fully-automated cars—which most automakers hope to see happen by early next decade—will be confined to ride-hailing purposes in small urban cores.

But it’s going to be a , interesting ride.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Tech
Volkswagen EVs Can Now Power Your House For Two Days (Update)
Volkswagen EVs Can Now Power Your House For Two Days (Update)
Experts have said that one of the ways to speed up EV adoption is for them to support . The ability for owners to power their house off their car or from the grid is vital. Just nine EVs on the market currently support bidirectional charging, but now VW...
Aug 13, 2025
Biden’s First EV Charging Station Goes Online After $7.5 Billion In American EV Investments
Biden’s First EV Charging Station Goes Online After $7.5 Billion In American EV Investments
Despite in investments for the development of in the , not a single charging station had gone live thanks to — until now. The first EV charger paid for by Biden’s Bipartisan deal has come online in Ohio, according to , which marks the operational start of what the...
Aug 13, 2025
Danish Investors Dump Tesla Shares After Elon Musk Calls Strikes In Sweden 'Insane'
Danish Investors Dump Tesla Shares After Elon Musk Calls Strikes In Sweden 'Insane'
Danish pension fund PensionDanmark is dumping all of its stock and putting the U.S. EV maker on its exclusion list of the companies it chooses to invest in – or not. The fund is selling all of its shares due to Elon Musk’s refusal to enter into labor agreements...
Aug 13, 2025
Costco Will Sell The Chevy Blazer EV At A Discount To Go With Your Rotisserie Chicken
Costco Will Sell The Chevy Blazer EV At A Discount To Go With Your Rotisserie Chicken
knows that you keep coming back for the and Kirkland brand, but you can now also buy a cheaper at your local warehouse. Chevy notified its dealers that members are eligible for a $1,000 rebate on the through January 2, according to . The discount is part of ,...
Aug 13, 2025
GM Says It's Dropping Apple CarPlay And Android Auto Because They're Unsafe (Update)
GM Says It's Dropping Apple CarPlay And Android Auto Because They're Unsafe (Update)
GM is still dealing with the fallout of its decision to drop Apple CarPlay and Android Auto in favor of developing its own in-house system. In the last eight months, the company has had to deal with while still maintaining its in-house system will be “.” Since neither of...
Aug 13, 2025
Truck Fans Would Rather Wait For A Toyota Tacoma EV Than Buy A F-150 Lightning Or Cybertruck
Truck Fans Would Rather Wait For A Toyota Tacoma EV Than Buy A F-150 Lightning Or Cybertruck
fans are already cooling on despite more options on the market and news of upcoming models from the likes of Chevy and Ram. The and have yet to be released, while the has recently joined the and for sale in the U.S. And, yet, all of these current and...
Aug 13, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved