UK on the cusp of a transport revolution

The full economic value of the connected and autonomous vehicle (CAV) market could be worth £41.7 billion by 2035.

A report conducted by researchers at the Connected Places Catapult, Element Energy and Cambridge Econometrics on behalf of the UK government has revealed that by 2035, 40% of new UK car sales could have self-driving capabilities. The total market could have a value of £41.7 billion.

Almost 40,000 skilled jobs could be created in the CAV technology area, which would strengthen the UK’s economy.

Transport Minister Rachel Maclean said “The investment in and development of CAVs could truly transform the way people and goods are transported, with innovation like this at the heart of our ambition to build back better.”.

Would you be interested in driving a car with self-driving capabilities in the future?

Read more about this story on the government website.