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Obama Administration Wants To Invest $4 Billion

Obama Administration Wants To Invest $4 Billion

The Obama Administration aims to spend at least $4 billion, over the course of ten years, to fund several pilot projects, which will enhance and accelerate the development of automotives and connected vehicles. This fiscal year 2017 budget proposition was outlined by Anthony Foxx, the Secretary of Transportation, on January 14, while he was speaking at the North American International Auto Show in Detroit.

He spoke to the press, during a media briefing at the auto show and said in his statement, “Meeting the challenge of a transformation to a cleaner and more modern transportation sector requires infrastructure that reduces congestion not by just paving new lanes, but by making better use of the lanes and capacity we have. Autonomous vehicles offer us a realistic way of doing that.”

According to the Secretary, the proposal is aimed towards the prosperity and advancement of the automotive technology industry, which can in turn affect the economy directly. Trucking corporations have a powerful impact on the overall economic state of the country and to recognize their importance, sufficient funding has been allocated, for its betterment and facilitation. Foxx explained the need for investment, in the automotive vehicle industry, by saying, “The administration’s proposal will allow testing automated and connected vehicle systems in different corridors and different states and to work with industry to ensure effective interoperability.”

Foxx also noted that participation is required to make this proposal successful, and implementation of value adding practices in the automotive sector, will need public and private participation, if they want to achieve high levels of innovation. He referenced the Smart City Challenge, which was launched by DOT last month, and said that such creative initiatives allow medium-sized cities to embrace the automotive and vehicle industry, and act as an initiative for overcoming the challenges, faced by the transportation industries presently.

He also said that the President understood that this type of funding will provide the cities to fight through the obstacles and move forward. Foxx further said in his statement, “In plain English, this [proposal] means we are going to do everything we can to advance safe, smart and sustainable transportation innovations like vehicle automation.”

This initiative by the government is seen as a productive measure, which can help improve the trucking and manufacturing segment. Following the announcement by Secretary Foxx, General Motors issued a statement to support the proposal. Representative of general motor said in the statement, “General Motors supports the government/industry collaboration to advance principles for autonomous vehicles given our shared goals for consumer safety and satisfaction. We see automation and autonomous technology leading to large advances in convenience, mobility and safety, since most crashes are caused by driver error. We are committed to working with the government and the rest of the industry on standards.”

The automotive giant also noted that the advanced safety features that were being practiced by the company will prove to be the building blocks for advancing the development in the vehicle and automotive industry. – See more at: http://truckernews.com/obama-administration-wants-to-invest-billion-p649-90.htm#sthash.rDsgpyPK.dpuf

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