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5 Reasons Driverless Cars Are the Next Big Thing

Image source: Getty Images.

Self-driving cars are already here, and they're making their mark on both the technology and transportation sectors.

Honda Motors (NYSE: HMC) and Tesla Motors (NASDAQ: TSLA) already have semi-autonomous vehicles on the market (though Honda's costs about $40,000 less), and Ford (NYSE: F) says it will have a fully autonomous car on the market in the next five years.

These companies -- along with Apple (NASDAQ: AAPL) and the U.S. government -- believe that self-driving cars will not only make driving safer, but that they'll also bring massive cost savings and create a new shared mobility market.

Click on the video below to find out the five key reasons driverless technology is taking off.

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Chris Neiger has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Apple, Baidu, Ford, and Tesla Motors. The Motley Fool has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.