In the world of growing autonomy in the automotive space, investing in companies that provide investors with upside in the electric vehicle space remains a potentially lucrative opportunity, given the hype surrounding autonomous vehicles and increased openness by governments willing to give new technologies a shot, in a bid to make the driving public safer.
Earlier this year, the Ontario government announced it is indeed joining a group of regional governments which have pledged to conditionally allow for testing of driverless cars on Ontario roads, a step in the right direction for technology companies banking on the growing importance of this technological advance, such as Ontario's own BlackBerry Ltd. (TSX:BB)(NYSE:BB). Authorities have allowed an automated vehicle pilot program designed to allow companies operating in this space, such as BlackBerry, to test their technology in a bid to drive continued investment in autonomous driving in the Ontario region.
With a range of large companies investing heavily in ensuring they do not miss the incredible wave which is set to shape the automotive industry, such as Alphabet Inc.'s (NASDAQ:GOOGL) Waymo and Tesla Inc. (NASDAQ:TSLA), companies like BlackBerry provide upside to investors for those who are less willing to place a bet on who will come out ahead, but rather which platform the major automotive players will decide to use. BlackBerry has signed a number of lucrative contracts with large auto manufacturers in the past and has the potential to be on the cutting edge of a revolution which has just begun.
Invest wisely, my friends.
