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Driverless Car Development Sets Ablaze a Bonfire of Billions

Following the money and the footsteps leaving the autonomous-vehicle industry.

A gallery assistant sits inside a Volkswagen driverless concept car during the press launch of "The Future Starts Here" exhibition at London’s Victoria and Albert Museum in 2018.

A gallery assistant sits inside a Volkswagen driverless concept car during the press launch of "The Future Starts Here" exhibition at London’s Victoria and Albert Museum in 2018.

Photographer: Leon Neal/Getty Images Europe
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Autonomous vehicle companies and suppliers have collectively spent around $75 billion developing self-driving technology, with scant sign of meaningful revenue emerging from robo-car services after all that cash incineration.