The demand for an emission-free transportation option has prompted car OEMs all over the world to shift their focus to EVs.
Many countries in the world are introducing emission and safety regulations. This is expected to improve road safety and reduce emissions. L3 and L4 vehicles with electric propulsion. Several OEMs and autonomous driving software suppliers are actively investing in and developing EV autonomous vehicle technology.
For example, in September 2023, Mobileye (Israel) partnered with Smart Europe GmbH (Germany). Smart’s next special edition EV will include a Navigation Smart Pilot (NSP) and enhanced driving assistance features based on Mobileye SuperVision. The autonomous driving software market in North America is projected to witness significant growth during the forecast period due to the growing demand for autonomous vehicles in the region. Some leading companies are also providing L3 Autonomous vehicles in the region. Mercedes-Benz, for instance, provides S-Class and EQS SUV L3 vehicles in US and Canada.