Ford: Regular Folks Should Have Driverless Cars Within A Decade

(RTTNews) - Ford Motor Co.'s (F) CEO Mark Fields announced the automaker's plans to start selling autonomous cars by 2025, one which could be affordable by everyone, not just premium car owners.

"We're dedicated to putting autonomous vehicles on the road for millions of people, not just those who can afford luxury cars," says Fields. "We believe this next decade is really going to be defined by the automation of the automobile."

However, before launching car for individual users, Ford will launch fully autonomous SAE level 4-capable cars for ride-hailing services like Uber around 2021.

Ford has invested in a number of tech companies, including Velodyne, a Silicon Valley-based company that specializes in LiDar sensors, which are used for high-resolution mapping.