Modern transport bill included in Queen’s Speech
As widely anticipated, the Queen's Speech included a modern transport bill which will encourage investment in driverless and electric cars, and ensure insurance is available to users of driverless vehicles.
According to Auto Express, the bill will also set out how driverless cars will be governed to enable people to be able to buy and use them by 2020.
The UK Government is expecting the development of driverless cars to play a vital role in the country's economic future, with the RAC suggesting that forecasts show that the industry could be worth nearly a trillion pounds worldwide by the middle of the 2020s.
For that reason, the Government has repeatedly expressed its desire to take a world lead in the area. In March, it confirmed that the UK would hold trials for driverless lorries, while in February it announced a further £20m would be invested in developing the technology.
The UK’s first public autonomous vehicle trials are set to get underway later this year and members of the public are being invited to sign up to take part.
However, earlier this year a number of Britain’s leading car insurers joined forces in response to concerns within the industry that the introduction of driverless cars could see premiums and profits slashed.
The Automated Driving Insurance Group (ADIG), which includes the likes of Aviva, Direct Line and Admiral, is also seeking to establish who will be responsible in the event of a collision - the ‘driver’ or the vehicle manufacturer.