Driverless cars could offer boost to economy

March 26, 2015 | By | In News

The introduction of self-driving vehicles could lead to the generation of hundreds of thousands of jobs according to the Society of Motor Manufacturers and Traders (SMMT). According to new research from the motor industry trade body, an extra 300,000 positions could be created as a result of the uptake and further development of autonomous vehicles.

Not only could more jobs be generated, but the uptake could add a £51 billion boost to the economy, new figures suggest, with collision avoidance systems helping to cut the number of serious road collisions by more than 25,000 every year by 2030, the Press Association reports consultants KPMG as claiming.

Testing of driverless cars is already underway in the UK, with the world’s first government-funded trials of autonomous technology taking place in locations including Greenwich, Bristol and Milton Keynes.

he UK must grasp the opportunities ahead and ensure it is continually at the forefront of pushing through these next breakthrough technologies.

Chief executive of the SMMT, Mike Hawes, expects self-driving machines to revolutionise the way we live: "Connected and autonomous cars will transform our roads and the way our society functions for generations to come, dramatically reducing accidents and helping to deliver more than £50 billion to our economy.

“The KPMG report clearly shows the UK automotive industry is leading the way in developing the cars of the future and that it will act as a catalyst for wider economic benefits.”

Mr Hawes added: “The UK must grasp the opportunities ahead and ensure it is continually at the forefront of pushing through these next breakthrough technologies.”

Chancellor George Osbourne announced last week that the government is planning to invest £200 million into the development of autonomous car technologies, with businesses set to match this investment.

Picture: Volvo

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