New wireless technology could eliminate human error when it comes to car collisions, and the Obama administration wants it included in all new vehicles.

The vehicle-to-vehicle technology allows cars to automatically detect one another and avoid possible collisions, according to a new study by federal transportation officials. It could prevent up to 592,000 crashes per year and save more than 1,000 lives.

Administration officials made an announcement on Monday about working to make a formal proposal next year on the technology. It would require all new cars and light trucks be installed with the tech in the coming years.

"This technology could move us from helping people survive crashes to helping them avoid crashes altogether - saving lives, saving money and even saving fuel thanks to the widespread benefits it offers," said Transportation Department Secretary Anthony Foxx.

Initially, the consumer would pay about $329 more for their technology-equipped vehicle in 2020, according to a report by the National Highway Traffic Safety Administration. The price would decrease over time as the safety system became more common.

The technology uses wireless signals in vehicles "to transmit speed, position and other information" to nearby cars and trucks that feature the same system. Drivers are then alerted to possible collisions so they can avoid an accident.

Federal transportation safety officials studied two systems, according to Recode. The first helps drivers making a left-hand turn avoid accidents with oncoming drivers. The second monitors movement near intersections and alerts drivers if it's unsafe to enter.

The Alliance of Automobile Manufacturers gave a positive response to the news. The industry group represents major car makers such as Ford, Toyota, GM and BMW. They said the proposal "holds the promise of being one of the most significant advances in driving safety in this generation."

The individual automakers did not make their own statements as to whether the U.S. government should mandate the technology.