By Jim Pyke:
One of Google Inc.’s (GOOG) moonshots that is fast becoming reality is the self-driving car. GOOG has continued to research and develop the technology, logging more than 300,000 miles. Furthermore, states are starting to review the implications of these vehicles.
Both California and Nevada have legalized self-driving cars. On June 16, 2011, Nevada’s Governor Brian Sandoval signed into law AB 511, which required the Nevada Department of Motor Vehicles to establish regulations governing the safety and performance of autonomous vehicles as well as establish testing areas. AB 511 also required the establishment of a driver’s licence endorsement for operating autonomous vehicles.
On September 25, 2012, California’s Governor Jerry Brown signed into law SB 1298, which directs California’s DMV to establish necessary regulations. SB 1298, unlike AB 511, contemplates the notion of truly autonomous vehicles be defining an operator instead of driver and acknowledging that the operator
via SeekingAlpha.com: Home Page http://seekingalpha.com/article/1730762-the-financial-upside-of-self-driving-vehicles?source=feed