While vehicles capable of full urban autonomy largely remain in the research and development phase, the global stock of electric vehicles (EVs) registered a 43% year-on-year increase in 2020, buoyed by incentives and subsidies in several countries. The electrification of autonomous vehicles (AVs) to create electric autonomous vehicles (E-AVs) will help businesses reap the benefits of such policies, generate short-term revenues through the provision of semi-autonomous features like Advanced Driver Assistance Systems (ADAS), and curate troves of data that will enable safe and commercially viable E-AV business
Besides bolstering safety and profitability, this data can be used by urban planners, infrastructure providers, and even retailers to inform business decisions and influence consumer behavior. Beyond commercial interests, E-AVs will also help countries and companies achieve their net-zero emission targets (see Exhibit below).
The growing need for electric autonomous vehicles
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Recharging Driverless Mobility explores how the electrification of autonomous vehicles will compound technological benefits and enable the collection of data that will eventually facilitate safe and commercially viable E-AV business models. This report outlines the scope for the imminent deployment of E-AV technologies in trucking and sheds light on how the traditional approach to auto liability will need to give way to more product-related liability coverage or hybrid coverage. It also lists strategies for defusing risks, leveraging existing workforce capabilities, and building trust with consumers.