Study: Proposal Would Spur Growth Of Advanced Auto Safety Systems

Jan. 13, 2005
Proposed legislation introduced in the U.S. House of Representatives could stimulate adoption of "Intelligent Vehicle Technology" (IVT) sensing and control systems in U.S.-sold vehicles, a new study suggests. The report, Automotive Radar/Lidar Systems, ...

Proposed legislation introduced in the U.S. House of Representatives could stimulate adoption of "Intelligent Vehicle Technology" (IVT) sensing and control systems in U.S.-sold vehicles, a new study suggests. The report, Automotive Radar/Lidar Systems, looks at the newest safety technologies making their way into automotive platforms. Such technologies include blind-spot detection, collision avoidance and adaptive cruise control. New York-based ABI Research, which conducted the study, says the Intelligent Vehicle Highway Safety Act of 2004 would spur adoption of such safety systems due to the inclusion of tax incentives for individuals and businesses that buy vehicles with IVT equipment installed. The high cost of advanced safety technologies is the primary inhibitor of IVT adoption, ABI Research states, coupled with lower consumer awareness and misperceptions about the systems. ABI Research senior analyst Robert LaGuerra notes a quirk in the proposed legislation. "There is one caveat in that the proposed bill is unclear in fully defining what an IVT system is. Systems falling into this category could include not only safety systems, but also GPS-based navigation/telematics devices."

Popular Sponsored Recommendations

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!