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Self-Driving Vehicles Navigate Funding Speed Bumps
May 22, 2024
Dana discusses the decline in funding for self-driving vehicles with BloombergNEF's Andrew Grant. They cover Tesla's robotaxi launch, industry's use of lidar technology, and the levels of autonomy being pursued. The podcast delves into the challenges of investment in this capital-intensive sector and the trends shaping the transition to a lower-carbon economy.
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Quick takeaways
- Investment in autonomous vehicles has declined since 2019, with companies focusing on specific use cases over general concepts.
- Automakers are prioritizing level two and level three self-driving systems for consumers to drive significant revenue streams.
Deep dives
Levels of Automation in Autonomous Vehicles
Autonomous vehicles have different levels of automation, classified from zero to five. At level zero and level one, there is no assisted driving or minimal assistance to the human driver. Moving to level two and three, more advanced driver assistance systems come into play, with the human driver still primarily in control. Level three allows for conditional automation where the vehicle can take over in specific conditions, like self-parking or controlled highway driving. Levels four and five represent highly and fully self-driving vehicles where the computer takes control, enabling passengers to engage in other activities.
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