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The government plans to invest almost $4 billion in driverless cars

The government plans to invest almost $4 billion in driverless cars
Google

A lot of times when presidents get in front of TV cameras for their State of the Union addresses, it sounds like a lot of self-congratulatory hype. You could have said that on Tuesday when President Obama made his last SOTU speech.

Except one thing he hinted at appeared to be an understatement. When he spoke about creating a transportation system of the 21st century, few people would've imagined seeing U.S. Transportation Secretary Anthony Foxx holding a joint press conference on Thursday with auto-parts company Delphi, Fiat-Chrysler, Ford, Google, GM, Tesla and Volvo.

And, yet, that's exactly what happened. Foxx unveiled Obama's $4 billion, 10-year plan to overhaul the way we get from point A to point B. Specifically, the Obama Administration is spearheading a plan to test autonomous cars; self-driving public transportation, like buses; and Internet-connected roads.

Autonomous cars have made serious headway the past few years toward becoming a reality. Google, notably, has logged more than a million miles on its Google Self-Driving Car (photo above).

Plus, Tesla recently upgraded some of its vehicles with self-driving features. And each of the companies with Foxx on Thursday, including Chrysler and Ford, has been developing autonomous cars.

Next page: Obama's autonomous vehicle plan
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