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Autonomous car sales expected to top 21 mln by 2035

Xinhua, June 9, 2016 Adjust font size:

Sales of autonomous cars may reach nearly 21 million worldwide by 2035, according to a newly released report by IHS Automotive predicts.

This nearly doubles a previous forecast of 11.8 million made in January 2014 by the automotive advisory services and consulting firm.

IHS Automotive Director of Research Egil Juliussen said the increase is based on a wave of recent developments and investments in autonomous driving technologies, as well as activity within various regulatory environments.

"It is moving faster than we thought," the Detroit News quoted Juliussen as saying.

Juliussen said the most growth of autonomous vehicles in the next 20 years will come after 2025, with a 43 percent compound annual growth rate.

The report predicts that the U.S. will lead the deployment of autonomous cars, and the deployment will begin with several thousand in 2020, and the number will gradually grow to about 4.5 million by 2035.

IHS Automotive also predicts that by 2035, more than 5.7 million vehicles sold in China will be equipped with some level of autonomy.

In compiling the report, IHS has allowed for a multitude of factors, including current market development of foundational technologies and considerable research and development announcements, the Detroit News reports. Endit