President Obama wants to spend $4 billion self driving cars
REUTERS/Larry Downing
Secretary of Transportation Anthony Foxx said today in Detroit.
The President's proposal will see the money spent over a 10-year period on a variety of pilot programs speed up the "development and adoption of safe vehicle automation," Foxx said, speaking at the Detroit Auto Show.
"We are on the cusp of a new era in automotive technology with enormous potential to save lives, reduce greenhouse gas emissions, and transform mobility for the American people," Foxx said, according to a DOT statement.
"Today's actions and those we will pursue in the coming months will provide the foundation and the path forward for manufacturers, state officials, and consumers to use new technologies and achieve their full safety potential."
The spending will be part of President Obama's proposed 2017 budget and will focus on programs to test connected vehicle system in certain parts of the country as well as the development of a multi-state framework to support autonomous and connected cars.
- Rupee settles on flat note at 83.51 against US dollar
- TBO Tek IPO – Company details to risk factors, all you need to know
- Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees
- Bharat Forge Q4 profit rises 77% at ₹227.12 crore
- 16% YoY surge in rents across 13 major Indian cities, Greater Noida, Gurugram lead: Magicbricks Report
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market