On-Demand People Transportation
The announced arrival of fully autonomous robotaxis will likely change car ownership and overall transportation dynamic drastically, as people find benefits in lower transportation costs, increased productivity and a more environmental means of transportation thanks to shared mobility.
Operating initially at low speeds in pre-defined areas and roads, robotaxis are likely to hit the streets well before privately owned autonomous vehicles. Robotaxis enable a powerful new business model: according to RBC, the new space could represent a total addressable market of about $3.8 trillion by 2050.