For the upcoming 2017 fiscal budget, President Barack Obama has proposed a $10-per-barrel tax on oil to fund autonomous cars and improve traffic. If the proposal passes, the oil tax would be phased in over the next 5 years.
The plan allots just over $2 billion per year for research on clean transportation and autonomous vehicles. A cool $400 million per year will go toward ensuring the safe integration of smart vehicle technologies. The Obama administration recently pushed through an initiative to help accelerate self-driving car development.
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