NEW YORK (TheStreet) -- A new study showed more Americans trust Apple (APPL) or Alphabet's Google (GOOGL) to build the technology for self-driving cars, rather than traditional automakers such as Ford (F) or General Motors (GM), CNBC's Tyler Mathison reported on "Power Lunch" Thursday.
Google, Apple, Tesla (TSLA), and Chinese search engine provider Baidu (BIDU) are the four companies that could be chosen to build the self-driving car, Piper Jaffray Technology Analyst Gene Munster told CNBC.
Google has driven 1.5 million miles with self-driving cars, which gives them an advantage over the other tech companies, Gene said.
German automakers Daimler (DDAIF) and Audi have been doing autonomous driving for years and have not gotten much attention, Morningstar Automotive Analyst Dave Whitson told CNBC.
"The automakers don't get enough credit for what they have done," Whitson said.
Automakers may be asked to do the physical building of the car, while allowing a tech company to come up with the brains behind it.
"I think it's way too early to write off the automakers in terms of their ability or inability to come up with the software," Whitson said.
Autonomous vehicles are coming soon, Dave says and this is one of the rare instances that the government, the regulators, and the private sector are on the same page.
Tech companies see a shift in the automotive industry towards millennials, which will be electric, self-driving cars owned as a subscription unlike the automotive industry, which is focused on the consumers owning an asset, Munster says.
"The existing automotive industry has a much different model and the tech companies have the model of the future," Munster said.