Fully autonomous self-driving cars will completely take over roadways before mid-century, predicts data analyst IHS Automotive, creating complex questions about accident liability and safety risk management to auto insurers and brokers.
In a new report, IHS says that self-driving cars (SDC's) will begin to enter the commercial market with 230,000 yearly sales in 2025 and increase to 11.8 million sold annually by 2035, putting about 54 million self-driving cars on the map worldwide. North America will lead global SDC sales (30%), followed by China and Western Europe.
At first, autonomous capabilities will add up to $10,000 to a car's sticker price but drop to $3,000 in 2035, decreasing the purchasing barrier for most customers. Eleven companies, including Audi-Volkswagen, BMW, Ford, General Motors, and Mercedes Benz have already begun to test SDC technology or plan to offer it within the next 10 to 15 years.
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