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Obama proposes spending $4B over 10 years for self-driving cars

Obama proposes spending $4B over 10 years for self-driving cars

By Ken Yeung for Venture Beat

The Obama Administration has announced that the United States Department of Transportation will be making it easier for companies to innovate around driverless vehicles. Transportation Secretary Anthony Foxx said that the president proposed spending nearly $4 billion over the next decade to make autonomous cars safer.

“We are on the cusp of a new era in automotive technology with enormous potential to save lives, reduce greenhouse gas emissions, and transform mobility for the American people,” said Foxx in a statement. “Today’s actions and those we will pursue in the coming months will provide the foundation and the path forward for manufacturers, state officials, and consumers to use new technologies and achieve their full safety potential.”

President Obama’s 2017 fiscal year budget will provide money for pilot programs to test connected vehicles in “designated corridors” around the country, along with establishing a framework for connected and autonomous vehicles.

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