Obama Proposes $4 Billion Investment In Self-Driving Cars

The Obama Administration has unveiled a proposal for a 10-year, $4 billion investment in the adoption of autonomous car technology. The money would fund pilot projects to, among other things, “test connected vehicle systems in designated corridors throughout the country, and work with industry leaders to ensure a common multistate framework for connected and autonomous vehicles.” The administration says it has an interest in cutting the death toll — over 30,000 people each year in the U.S. — associated with traffic accidents. The proposal also calls for the National Highway Traffic Safety Administration to work with industry to resolve regulatory issues before they inhibit development of self-driving cars. “This is the right way to drive innovation,” said Transportation Secretary Anthony Foxx.