Is Google Indeed Falling Behind In The Self-Driving Car Race?
Zacks Investment Research | Sep 12, 2016 10:15PM ET
Self-driving cars have gained a lot of prominence in the last few years. It was in 2009 that Alphabet’s (NASDAQ:GOOGL) Google revealed its autonomous car project. Since then both technology and automobile makers are striving to get a lead in the race for dominance in the self-driving car space.
In the past few years, Google has made decent progress in the space. The company has already completed over 1.8 million miles of autonomous driving testing on community roads. Being the first one to get a permit for on road testing and its various collaborations over the past few years have apparently made Google’s technology relatively advanced by now.
But all said and done, it appears that Google is lagging in the market, which is now evolving at a rapid pace.
What’s Putting the Brakes on the Project?
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