Driverless vehicles are fast becoming a reality. It is estimated that the UK driverless car industry will be worth £28 billion to the UK economy and employ 27,000 people by 2035.
In light of this, it is unsurprising that in its 2017 Autumn Budget, the UK Government committed to boosting productivity (by supporting emerging technologies in order to build an economy that is driven by innovation). This includes an intention to lead in development standards and ethics for the use of data and AI, and to create the most advanced regulatory framework for driverless cars in the world.
The Budget sets out the steps that the Government is taking to ensure the UK is a leader in the development and deployment of new technologies. This includes plans to invest £1 billion in technology projects, including £400m for electric car charging points and £75m for research on artificial intelligence. The Government has also stated that is expects to see fully automated vehicles in commercial use in the UK by 2021 and that it will amend the regulatory framework where appropriate to help support this aim. The National Infrastructure Commission also plans to launch a new innovation prize to determine how future roadbuilding should adapt to support driverless cars. Continue reading
On 22 November 2017, the UK Government unveiled plans to invest £1bn in technology projects, including £400m for electric car charging points and £75m for research on artificial intelligence. This is one of a number of ways in which the Government is seeking to support this growing industry.
In addition, the Automated and Electric Vehicles Bill (the “Bill”) was announced in the Queen’s speech earlier this year. The Bill passed its second reading in the House of Commons on Monday 23 October, was considered in a Public Bill Committee and reported without amendment on Thursday 16 November 2017. The bill will now be considered at Report Stage on a date that is still to be announced. The Bill aims to:
- specify who is liable for damages following accidents caused by automated vehicles; and
- improve the network of charging points for electric vehicles.
On 21 June 2017 the Queen’s Speech was delivered in the Houses of Parliament and announced a number of measures relevant to the TMT sector. Continue reading