Recent advances in automotive technology have offered an increased level of security for every driver on the road. Systems that automatically slow your vehicle down when an impending collision is detected and sensors that watch for other vehicles during a lane change are just two examples of such technologies and also the ones the NHTSA may be mandating for all new vehicles.
The National Highway Traffic Safety Administration has been looking into these new systems over the past few months and it is their belief that including these systems on every passenger vehicle would greatly decrease the likelihood of a traffic accident. The two systems are currently offered on a handful of premium luxury model vehicles, which places them out of many people's price range.
Should the NHTSA go through with the mandate, how will this affect the price of new vehicles? Both of the systems in review are fairly complex and require not only the sensor equipment, but also the supporting hardware for any autonomous actions as well as the software to make everything work in sync.
In some cases, you would be looking at an extra $2000 or $3,000 for a vehicle. This isn't to say the added safety features aren't worth it, but such a mandate could end up costing quite a bit when it comes time to purchase a new automobile.
The NHTSA plans on researching the viability of the two systems, which includes a cost-benefit analysis, over the next few months. They hope to announce their findings before the end of the year.