Vehicle-to-Vehicle technology is expected to add around $341 to $350 per vehicle by 2020, and save 1,083 lives a year, according to a new government report released this week.

V2V technology could eventually prevent about 592,000 left-turn and intersection crashes a year, according to the National Highway Traffic Safety Administration.

"V2V technology is ready to move toward implementation," said NHTSA Deputy Administrator David Friedman, in a statement this week.

The agency said that it will start creating rules to require the V2V technology in new vehicles. The technology involves radio signals which transmit information about a vehicle, including speed and position.

"Safety is our top priority and V2V technology represents the next great advance in saving lives," said U.S. Transportation Secretary Anthony Foxx in a press statement.

The report addresses a number of concerns people might have, from privacy to liability issues, expressed by the public and automakers when it comes to "talking" vehicles.

The report says that V2V technology "will not collect or store any data identifying individuals or individual vehicles, nor will it enable the government to do so."

"There is no data in the safety messages exchanged by vehicles or collected by the V2V system that could be used by law enforcement or private entities to personally identify a speeding or erratic driver," the report says.

NHTSA said that from a product-liability perspective it "does not view V2V warning technologies as creating new or unbounded liability exposure for the industry."

A number of automakers have said that V2V technologies will increase their liability compared with other safety technologies because they rely on information received from communications systems they don't control.

The NHTSA said that more research needs to be completed on whether Wi-Fi enabled devices can "share the spectrum successfully with V2V, and if so, how."

Real-world testing of V2V communications will include a federally funded study conducted by the University of Michigan Transportation Research Institute.

The institute will test the technology in around 3,000 vehicles on roads around Ann Arbor, Michigan.

So how do you feel about Vehicle-to-Vehicle technology? Do you think it is a good or bad idea. 

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