Park and charge: Hyundai video on EV automated parking

Hyundai has created an eye-catching video to show off its futuristic electric vehicle (EV) wireless charging system.

The film shows a connected and autonomous vehicle (CAV) driving itself to a charging bay, being powered up via magnetic induction, and then parking itself in an ordinary bay nearby.

The owner then summons the car using an automated valet parking app on her smartphone.

Tim Armitage, Arup’s UK Autodrive project director, has asserted that such systems will enable cities to radically redefine their use of space, with far less land potentially needed for parking spaces .

“Valet parking systems will enable autonomous vehicles to drop passengers at convenient points, after which the vehicle will leave by itself to undertake a further journey, or park out-of-town,” he said.

Totally driverless cars on sale by 2021

Facing stiff new competition from Tesla, tech giants like Apple and a plethora of well-funded start-ups, leading vehicle manufacturers are pouring money into driverless cars.

In America, The Star reports that General Motors’ Cruise is battling with Google subsidiary Waymo to be the first to bring robot ride sharing to market.

GM has even appointed its company president, Dan Ammann, to be CEO of its self-driving unit, while Cruise cofounder, Kyle Vogt, stays to lead technology development.

According to GM Chairman and CEO, Mary Barra, this demonstrates a “commitment to transforming mobility through the safe deployment of self-driving technology and moves us closer to our vision for a future with zero crashes, zero emissions and zero congestion.”

As to GM’s traditional rival, The Verge reports on a rumour that Ford will team up with VW for a joint self-driving car venture.

It adds that Ford is currently developing a purpose-built autonomous vehicle without a steering wheel or pedals.

Back here in Europe, Motor Authority reports that Audi is leading the charge to self-driving at VW Group.

Its new Autonomous Intelligent Driving (AID) subsidiary has a remit covering all aspects of autonomous technology, from software and hardware to maps and calibration.

Led by CEO Karlheinz Wurm, who spent 12 years at Skype, AID has a goal to bring totally driverless vehicles to market by 2021.

By then, BMW might be on a sticky wicket with its famous “Ultimate Driving Machine” tagline.

Forbes reports on that here and suggests that the Vision iNEXT concept car is beginning to redefine the experience as “driving and/or riding”.

With backing from Chinese carmaker Geely, Fleet Europe reports that Volvo plans to introduce an autonomous car in the early 2020s.

It quotes a Volvo official as saying: “One of our aims is to be the supplier of choice for ride-hailing companies. We have deals with Uber and Baidu today. Others may come in future.”

The Swedish manufacturer is also leading calls for a universal safety standard for autonomous car communications.

One of the most eye-catching representations of how the near-future might look is this Dezeen video about Renault’s Ez-Pro concept.

It imagines how goods and services will be delivered in cities via driverless electric robo-pods which can travel either in convoy or independently.

Renault suggests the pods could also function as pop-up shops or food counters.

In Asia, Electric Vehicles Research reports that Honda is seeking partners for its prototype off-road Autonomous Work Vehicle.

With GPS and sensor-based autonomy, it is designed to function in almost any environment, from forests to urban pedestrian zones.

Meanwhile, Pulse reports that South Korea’s Hyundai aims to test unmanned cab services by 2021.

As well as investing in self-driving, vice chair Chung Eui-sun says the group will electrify 44 models by 2025 and commercialise fuel cell vehicles by 2030.

Finally, Autotrade reports on Kia’s Real-time Emotion Adaptive Driving (READ) system, developed in collaboration with the Massachusetts Institute of Technology (MIT).

It envisages a future where autonomous driving is the norm and priority is given to improving the human experience.

Driverless is biggest business opportunity since internet

General Motors president Daniel Ammann says autonomous vehicles represent “the biggest business opportunity since the creation of the internet”. This new website – CarsoftheFuture.co.uk – will follow the story as it unfolds.

Being UK-based, it’s pleasing to report that we’ve made a decent start. The UK was recently ranked the fifth best-prepared country for autonomous vehicles, after 1) The Netherlands, 2) Singapore, 3) The USA and 4) Sweden.

Since then, the University of Warwick has announced a new Smart City Mobility Centre, including driverless testing facilities…

WMG tweet re new Smart City Mobility Centre

… and businesses are also getting in on the act. For example, private hire company Addison Lee has linked with driverless software specialist Oxbotica to map London’s Canary Wharf in what’s been described as the first steps toward autonomous driving in the capital.

TaxiPoint tweet re mapping Canary Wharf

As to the potential benefits – apart from the advantage to firms of not having to pay drivers – the latest artificial intelligence (AI) modelling shows that self-driving cars can improve traffic flow.

Meanwhile, much of the UK remains blighted by not-spots. Ofcom data suggests 5,000+ miles of roads in Britain have no phone signal, with the Highlands of Scotland worst affected.

There’s also the phenomenon of catastrophic forgetting to consider. The problem of computers overwriting their parameters when they learn a new task, losing what they previously knew, is one of the biggest barriers to artificial general intelligence (AGI).

Bearing all this in mind, is it premature to declare driverless cars the biggest business opportunity since the internet?

Which driverless car stocks are finance experts tipping?

With driverless vehicles being described as the biggest business opportunity since the creation of the internet, we’ve taken a look at which stocks finance commentators are tipping.

In October, financial information website MarketWatch reported: “Analysts at Morgan Stanley estimated the market for driverless cars will reach more than $800 billion by 2050”.

Brands it namechecked included: vehicle manufacturers General Motors and Honda; parts-makers Aptiv, Continental and Denso; internet companies Alphabet and Baidu; semiconductor specialists Ambarella, Nvidia, Xilinx and Mobileye; and software companies Akamai Technologies, Dessault Systems and Hexagon.

In November, news site Investor Place suggested: “We’re just a few short years away from self-driving cars becoming a major commercial force”.

Its seven autonomous vehicle stocks to consider were, in alphabetical order:

Blackberry
General Motors
Intel Corporation
NIO
Nvidia
Tesla
Texas Instruments

Also in November, financial services company The Motley Fool pondered which stocks are poised to truly profit from the driverless car revolution.

Its top three, again in alphabetical order, were:

Alphabet
Nvidia
NXP Semiconductors

If these experts are right, Nvidia – the California-based tech company famous for its graphics processing units for gaming – is certainly one to watch.