LTA, EDB to push on with autonomous vehicle development despite ST Engineering’s withdrawal from bus trials

THE Land Transport Authority (LTA) and Economic Development Board (EDB) said on Friday (Feb 24) they would continue to work with partners and stakeholders to facilitate autonomous vehicle (AV) trials and deployment.

This followed ST Engineering’s announcement on Friday that it is withdrawing from the development of autonomous buses, given the “significant” financial resources required.

LTA and EDB said in response to queries from The Business Times (BT) that the AV industry is “currently facing difficult times” and companies have surfaced challenges in their discussions with the agencies under the AV Call-for-Collaboration (CFC).