Self-Driving Technology To Add $7,000-$10,000 to Car's Sticker Price, Study Says


  • Ford Fusion Hybrid Research Vehicle

    Ford Fusion Hybrid Research Vehicle

    If cars like this self-driving Ford Fusion become reality, consumers can expect to pay a hefty premium for the autonomous technology, according to a new study. | January 02, 2014

Just the Facts:
  • When self-driving cars begin to appear in showrooms in 2025, the technology will add about $7,000-$10,000 to the price tag, according to a new study.
  • IHS Automotive says the price will drop to "around $5,000 in 2030 and about $3,000 in 2035 when no driver controls are available."
  • Global sales of self-driving cars in 2025 are expected to be about 230,000.

SOUTHFIELD, Michigan — When self-driving cars begin to appear in showrooms in 2025, the technology will add about $7,000-$10,000 to the price tag, according to a new study.

IHS Automotive says the price will drop to "around $5,000 in 2030 and about $3,000 in 2035 when no driver controls are available."

Global sales of self-driving cars in 2025 are expected to be about 230,000, according to the study. But by 2035, sales of self-driving cars will reach 11.8 million.

"The study anticipates that nearly all of the vehicles in use are likely to be self-driving cars or self-driving commercial vehicles sometime after 2050," researchers said.

Several automakers have said they will have autonomous cars by 2020 or earlier.

Nissan pledged it will have multiple self-driving cars ready for retail sale by 2020.

Ford is experimenting with a self-driving Ford Fusion. Tesla Motors CEO Elon Musk said in 2013 that his electric-car company has had discussions with Google about autonomous driving technology, but tweeted that self-driving Tesla cars are "still a few years from production."

Edmunds says: Car shoppers get a better idea of just how much self-driving cars will affect their pocketbooks.

Comments

  • pommah pommah Posts:

    Yes but insurance companies will start giving discounts to self-driving cars, because they are safer. Then certain roads will only be available at certain times to self-driving cars because its safer and traffic moves faster. Then you'll get hit with a surtax if you're so darn selfish you actually want to drive yourself! It will be standard equipment by 2030 and enthusiasts will be banished to tracks, regarded as luddites, Amish, quaint and weird.

  • garrym garrym Posts:

    I enjoy driving but for those who don't and can afford to pay a premium for this technology they will be happy. However, most people I know who don't like driving drive cheap boring little sedans. The cost will be too much and only attract those who have the dollars keen to have such technology in their car or truck.

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