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 environmentally 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.