Alvin Toffler, an American futurist, has called technology the great growling engine of change. That sentiment sits well with the growing excitement around autonomous vehicles (AVs). As the technology matures, and self-driving trucks roll through the mining fields in Australia, the future of mobility is here. But what does it mean for the labour market?
Trials throughout the Asia Pacific (ASPAC) region show promise, with some countries at the forefront of this revolution. Chinese tech companies, such as Baidu, are taking the lead. The company sits in the middle of an ecosystem of partnerships across the region with activities such as testing 40 vehicles with passengers in Beijing.1
Singapore has recently started testing driverless vehicles at an airbase.2 The city-state has expanded AV testing to cover all public roads in western Singapore and will serve three areas with driverless buses from 2022. In fact, Singapore topped KPMG’s third Autonomous Vehicles Readiness Index (AVRI) in 2020. The report outlines AV's progress in 30 countries and jurisdictions across 28 measures.
At KPMG, we believe that the transformational potential of AVs in ASPAC is immense (seven of the 30 countries and jurisdictions covered by the index are in Asia Pacific). AVs are an increasingly viable alternative to move people and goods around. How will the trajectory of AV adoption play out in the region?