released a report on July 19 that studied a number of scenarios in which autonomous vehicles could “reduce traffic accidents and fatalities, enhance people’s mobility and access, reduce greenhouse gas emissions, and provide substantial economic benefits for the American people.” The report studied the impact on consumers and businesses, with the conclusion that AVs present a historic opportunity to boost the American economy.
To encourage American victory in this arena, business and political leaders should advocate for and implement policies that will unlock innovation. These policies can improve lives, increase mobility and access, reduce fossil fuel consumption, and contribute to a greener environment, as well as bolster the economy and workforce of the future.
The U.S. is facing stiff competition from state-subsidized manufacturers in China, but this isn’t new or unique to this particular market. America has a proud tradition of outperforming Chinese competition due to the power of a free market, a motivated workforce, and a long tradition of bootstrapped entrepreneurship. America will win this race if Congress and the White House are able to agree upon and set ground rules which will create an environment for America’s AV superiority.
Right now, Congress is studying the issue to get a better handle on a potential regulatory framework. On July 26, the House Energy & Commerce Committee held a hearing on two pieces of legislation, the