Hyundai Motor Group is receiving support from South Korea for self-driving car development - Business Insider

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Hyundai's push for AVs is getting heavy support from the South Korean government – which has set ambitious timelines for development and commercialization:

national AV standards in 2018 so developers know the benchmarks they must meet to conduct AV tests. The standards superseded those set by around a dozen regional governments, enabling developers to adhere to a core set of requirements. The standards also allow developers to test in more locations, as they aren't limited to the dozen areas that had already adopted legislation.

The UK has set up a government entity to oversee AVs and related technologies.By establishing a separate entity for AVs, developers have a clear touchpoint with the government, enabling better communication between parties. Moreover, the UK is on rules to allow testing on the country's highways as part of its goal to have self-driving vehicles on UK roads by 2021.

Governments around the world will need to form international standards so that AVs developed in one market can operate effectively in another market. Differing rules and standards for AV technology can hold back development, as creating multiple solutions for different markets isn't cost-effective and requires close collaboration.

For instance, Waymo partnered with Renault to bring its AV tech to Europe in order to test on European roads and more effectively work with local regulators. If countries like South Korea or the UK want to meet their AV goals, they must come together to set international standards that allow AV developers to deploy and test their solutions across markets.

An international set of standards could cover, for instance, base-level safety standards, and sensor standards that ensure interoperability with infrastructure around the world. While bringing foreign governments together to agree on a subject is challenging, it has proven possible in the past, such as in forging an international Join thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs.

 

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