Close-up of self driving minivan, with LIDAR and other sensor units and logo visible, part of Google parent company Alphabet Inc, driving past historic railroad station with sign reading Mountain View, in the Silicon Valley town of Mountain View, California, with safety driver visible, October 28, 2018.
Smith Collection/Gado | Archive Photos | Getty Images
Automakers and technology companies have invested billions into researching autonomous vehicles.
But the industry has two big challenges it needs to overcome before self-driving cars become widespread — technology and business models that can make money, according to Michelle Avary, head of autonomous mobility at the World Economic Forum.
“We’ve got a couple of big challenges in front of us. The first, obviously, is a technological challenge,” Avary told CNBC’s Geoff Cutmore and Arjun Kharpal at the World Economic Forum in Dalian, China.
“Really making sure that the technology is working in the areas of perception, which is vision…