IHS Study Foresees 21 Million Self-Driving Cars Sold Globally in 2035
IHS Automotive has looked into the future—and it is predicting that more than 21 million fully and semi-autonomous vehicles will be sold around the world in 2035.
A recent IHS Automotive forecast predicted this grown in autonomous vehicles in the year 2035, along with an estimate that nearly 76 million vehicles with some level of autonomous technology will be sold between now and 2035.
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“Global sales of autonomous vehicles will reach nearly 600,000 units in 2025,” said Egil Juliussen, director of research at IHS Automotive, in a statement. “Our new forecast reflects a 43 percent compound annual growth rate between 2025 and 2035—a decade of substantial growth, as driverless and self-driving cars alike are more widely adopted in all key global automotive markets.”
Along with predicting the future sales of autonomous vehicles, IHS also stated that the US will be the lead developer in this type of tech, adopting the self-driving features that come from it sooner than other countries. This is despite the fact that many state governments are currently working towards passing a variety of regulations—the most notable states being Michigan, California, Nevada, and Florida—to get these types of vehicles on the road.
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The study says that autonomous development in the United States will begin with thousands of vehicles in 2020, growing to nearly 4.5 million in 2035. It also speculates that Japan will invest in the tech before the 2020 Summer Olympics in Tokyo.
There is still a long way to go for carmakers looking to introduce autonomous vehicles into their lineups, but the technology is sure to be here sooner, rather than later. It will be interesting to see if IHS’s predictions become reality.
News Source: IHS Automotive