08 October 2015 (02:40 UTC-07 Tango 01)/16 Mehr 1394/24 Dhu l-Hijja 1436/26 Bing-Xu 4713
Wu Zhongze, Chairman of China Intelligent Transportation Systems Association, announced to state run news media that China will invest about $30-billion USD into driverless vehicle tech, by 2020.
It’s also known as Intelligent Transportation Industry and will involve not only POV (Personally Owned Vehicles) and commercial trucks on roads but will involve taxis and public transportation systems including buses, trains and planes.
The ulterior motive is to push everybody into electric powered vehicles as a national charging system will be created as part of the Intelligent Transportation System.