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Obama Proposes $4B for Driverless Cars

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Yesterday the Obama administration proposed spending almost $4 billion to speed the development of autonomous vehicles. The proposal, which requires Congressional approval, would fund regulatory efforts to have officials work with automakers to come up with rules and policies necessary to make driverless cars work. Automakers frequently cite the lack of guidance from the government as one of the chief barriers to their autonomous vehicle projects.

"Automated vehicles open up opportunities for saving time, saving lives and saving fuel," U.S. Transportation Secretary Anthony Foxx said on Thursday at the North American International Auto Show, an annual auto industry get together in Detroit.

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