The committee will explore how self-driving cars can become commonplace and the likelihood of their being used as private vehicles, public transportation and commercial driving.
READ MORE: Drivers warned terrorists could remotely target electric vehicles to use in deadly attacks
It will also assess the progress of autonomous and connected vehicle research and trials in the UK.
Necessary changes in regulations, such as the legal status of vehicles, insurance and authorization processes, will also be analysed.
Driverless cars are not legally allowed on UK roads, but manufacturers are developing autonomous features.
In Scotland, Stagecoach began road trials of five full-size driverless buses at the end of April, with the bus company preparing to launch a passenger service later this summer.
Jim Hutchinson, CEO of Fusion Processing, said he was “delighted to lead the most complex and ambitious autonomous vehicle program in the world.”
Oxford-based technology firm Oxbotica also completed its first trial of fully autonomous driverless vehicles on public roads last month.
The autonomous electric vehicle used a combination of radar and laser-based systems to operate in the city without a driver on board.
The autonomous bus market is expected to grow at a rate of 27 percent per year.
In April, the Department for Transport (DfT) proposed changes to the Highway Code to allow users of autonomous vehicles to watch TV shows and movies on built-in screens.
The Code update will maintain that the use of a telephone is illegal.
It also states that users will not be held responsible for crashes with insurance companies responsible for any claims.
However, motorists must be prepared to take control of vehicles when necessary.
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In April last year, the DfT said it would allow hands-free driving vehicles with lane-keeping technology on congested motorways with speeds of up to 37mph.
A full regulatory framework for autonomous vehicles is expected to be introduced by 2025.
The development of autonomous vehicles could create around 38,000 new jobs in Britain and be worth £41.7bn to the economy by 2035, according to the DfT.
So what do you think? Would you trust an autonomous car? Vote in our poll and leave your thoughts in the comments section below.
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