Robotaxis will be disruptive to conventional taxis and ride-hailing, but not car ownership
BOSTON, Oct. 28, 2021 /PRNewswire/ — Robotaxis remain one of the most pursued applications for autonomous vehicle technologies today, with many developers envisioning an end to — or at least a significant reduction in — car ownership. Developers of autonomous vehicles, specifically those focused on level-4 self-driving vehicles, often focus on mobility services as the first application. Not only is there a demonstrated market for taxis and ride-hailing, but it’s a market where the high costs of labor create high prices, making it a ripe opportunity for autonomous vehicle deployment. It is also a good technology fit as they can operate in geo-fenced areas, according to new data from Lux Research, a leading provider of tech-enabled research and innovation advisory services.