South Korea's Hyundai is set to invest KRW41tn ($34.5bn) in autonomous, connected and electric cars, as well as ride-sharing solutions, by 2025. Korean President Moon Jae-in recently said he anticipated 2030 of the cars on the country's roads would be autonomous by half, and said the government would have a regulatory and legal framework in place by 2024. Technical and legal provisions for flying cars would follow a year later. The government also expects Hyundai to launch fully autonomous fleet cars by 2024, with public vehicles following in 2027.
South Korea's Hyundai is set to invest KRW41tn ($34.5bn) in autonomous, connected and electric cars, as well as ride-sharing solutions, by 2025. Korean President Moon Jae-in recently said he anticipated half of the cars on the country's roads would be autonomous by 2030, and said the government would have a regulatory and legal framework in place by 2024. Technical and legal provisions for flying cars would follow a year later. The government also expects Hyundai to launch fully autonomous fleet cars by 2024, with public vehicles following in 2027.