A new report from Autonomous Research, Inc. claims that Google’s self-driving car program is already on track to reach profitability.
The company, which is based in Palo Alto, California, is looking to sell its fleet of self-driven cars, including the Ford Fusion, GM’s XC90 and Ford Fusion Hybrid, by 2021.
While Google says its fleet is expected to sell more than 400,000 vehicles per year, the company has already sold more than 10,000 Ford Fusion vehicles in the U.S. alone.
Autonomous Research estimates that Ford’s autonomous car program will cost $100 billion and that GM’s will cost more than $50 billion.
“Google is poised to drive its autonomous vehicle program to profitability over the next five years, and will probably have an annual revenue of $300 billion,” the report stated.
It said Ford has been in talks with Google for some time about buying its autonomous car network, but that talks have stalled over regulatory issues.
Automakers are also eyeing self-drive technology.
In August, Ford announced it would test a self-driving car on public roads in 2021, and Tesla has also confirmed it will be testing autonomous driving in its Model X crossover later this year.
But the report said that Ford and Tesla have not discussed a possible merger or a joint venture.
Google has been aggressive in its acquisition of autonomous car companies and is likely to have a big impact on the industry.