Skip to main content

SMMT sets up connected and autonomous vehicles forum

New research commissioned by the Society of Motor Manufacturers & Traders (SMMT) has found the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK, delivering huge benefits to society and the economy. In the first comprehensive analysis of the UK opportunities provided by this new technology, KPMG has found these new vehicles could deliver a US$81 billion boost to the UK economy and reduce serious road traffic accidents by more than 25,000 a year by 2030. To expl
June 19, 2015 Read time: 2 mins
New research commissioned by the Society of Motor Manufacturers & Traders (SMMT) has found the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK, delivering huge benefits to society and the economy.

In the first comprehensive analysis of the UK opportunities provided by this new technology, 1981 KPMG has found these new vehicles could deliver a US$81 billion boost to the UK economy and reduce serious road traffic accidents by more than 25,000 a year by 2030.

To exploit this opportunity, SMMT has set up a Connected and Autonomous Vehicles Forum. It will meet four times a year, bringing together SMMT members and stakeholders from government, key adjacent industries and academia closely involved in the advancement of connected and autonomous vehicles, to accelerate conversations, collaborations and partnerships. Membership of the Forum, about half of which comes from outside the automotive industry, is by invitation only.

For more information on companies in this article

Related Content

  • Preventing connected vehicles creating disconnected drivers
    November 12, 2015
    Advanced driver assistance systems (ADAS) are evolving at a rapid pace – but drivers’ ability to cope with them is not and at some point the mismatch must be addressed. Probably the biggest challenge the transportation industry has ever faced.” That is how Dr Bryan Reimer of Massachusetts Institute of Technology AgeLab describes the challenges posed by semi-autonomous vehicles.
  • ITS World Congress examines challenges of autonomous vehicles?
    December 11, 2015
    The 2015 ITS World Congress opening ceremony saw PSA Peugeot Citroën executives arrive in an autonomous vehicle, so the International Benefits, Evaluation and Costs (IBEC) Working Group’s dedicated session proved very timely.
  • User based insurance is helping good drivers and identifying the bad ones
    November 28, 2013
    Thomas Hallauer gives an overview of Usage Based Insurance (UBI), an industry that is putting telematic devices into more vehicles than fleet management ever did. The insurance market is going through a transformation phase never seen before. Insurers have not only started to track individual cars for Usage Based Insurance (UBI), they are also using the technology to enhance consumer services as more drivers join up to these schemes. Progressive Insurance in the US has 1.4 million customers signed up to
  • Mahindra Reva Electric Vehicles plant inaugurated
    August 23, 2012
    Yesterday, Mahindra Reva Electric Vehicles, a part of the US$15.4 billion Mahindra Group, formally inaugurated its manufacturing facility, which is the first platinum rated automobile facility in India. Inaugurating the world-class, energy efficient, green manufacturing facility, Anand Mahindra, chairman and managing director, Mahindra Group unveiled the Group's vision to co-create and shape the "future of mobility".