Opinion: How Regulators Can Pave the Road for Autonomous Driving
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As Wuhan and Beijing prepare to implement autonomous vehicle regulations on March 1 and April 1, respectively, intelligent driving has become a hot topic at China’s annual “Two Sessions” political meetings.
Vehicles equipped with Level 2 driving assistance systems made up 55.7% of the passenger cars sold in early 2024, according to data from the Ministry of Industry and Information Technology. Market projections suggest China’s intelligent vehicle market will be worth nearly 1 trillion yuan ($138.2 billion) by 2025. Studies show that 90% of consumers are willing to pay extra for advanced autonomous driving features, a sign that the technology is about to take off.
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- Wuhan and Beijing are set to implement autonomous vehicle regulations in March and April 2024, with China’s intelligent vehicle market projected to be worth nearly 1 trillion yuan by 2025.
- Level 2 driving assistance systems are utilized by 55.7% of cars sold in early 2024, with 90% of consumers willing to pay more for advanced features.
- Regulations need to balance innovation with public safety, tackling issues like legal liability and data protection, amid rapid technological advancements and applications.
- 2018：
- Since 2018, multiple national agencies have issued guidelines for autonomous vehicle testing.
- June 2022：
- More than 50 cities have enacted local regulations since Shenzhen started the process.
- Early 2024：
- Vehicles equipped with Level 2 driving assistance systems made up 55.7% of the passenger cars sold.
- By 2025：
- Market projections suggest China's intelligent vehicle market will be worth nearly 1 trillion yuan ($138.2 billion).
- March 1, 2025：
- Wuhan is set to implement autonomous vehicle regulations.
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