Yes. That usage of the acronym works when there are enough context clues. I think it will supplant the "audio/visual" meaning as autonomous vehicles become more salient. Here is text from an old job posting at Ford quoted on TechCrunch:
"We are seeking exceptional candidates to join our growing Autonomous Vehicle (AV) business team!"
"We are seeking exceptional candidates to join our growing Autonomous Vehicle (AV) business team!"
https://techcrunch.com/2019/03/13/ford-is-expanding-its-self...