UK investors keen to back autonomous vehicles
A survey of over 1,000 UK investors carried out by UK Autodrive members Gowling WLG has revealed widespread support for the country’s autonomous vehicle (AV) sector.
Working with economic research agency Explain the Market, Gowling on Tuesday published results from the first quarter of a year-long research project which will track attitudes to self-driving technology among professional and private investors.
In the initial set of results, 64% of investors said they believed that driverless cars would be on UK roads within ten years. More than ten per cent of investors declared that they were already investing in the sector, while 67% said they were considering investing either now or in the future.
However, almost 70% of those surveyed said that they wanted more information about AV investment opportunities. Many are also put off by uncertainty over the regulations relating to self-driving vehicles, with almost half (47%) of the investors saying that a lack of rules and regulations in the sector was preventing them from investing.
“Considering the predictions for the growth in this sector, investors need more expert information from industry,” one private investor commented. “A clear plan for sensible regulation would also boost confidence and turn interest into real investment.”
To read more about the report’s findings, or to download a full copy of it, follow this link to the Gowling WLG website .