Home > By The End Of 2019, Waymo, Uber, And GM All Plan To Have Fleets Of Autonomous Cars Providing On-Demand Rides

Business
By The End Of 2019, Waymo, Uber, And GM All Plan To Have Fleets Of Autonomous Cars Providing On-Demand Rides

Description

By the end of 2019, Google spinoff Waymo, Uber, and GM all plan to have fleets of autonomous cars deployed in various US cities to provide on-demand rides for passengers. By eliminating the cost of the driver, these rides are expected to be far cheaper than typical Uber or Lyft rides, and even cheaper than owning a car for personal transportation. Many industry experts are predicting that such cheap on-demand autonomous rides service will result in a long-term decline in car ownership rates. PwC predicts that the total number of cars on the road in the US and EU will drop from 556 million last year to 416 million in 2030. This decline in car ownership represents an enormous threat to automakers' traditional business models, forcing them to find alternative revenue sources. Many of these automakers, including GM, Ford, and Daimler, have plans to launch their own on-demand ride-hailing services with fleets of self-driving cars they will manufacture, potentially giving them a new stream of recurring revenue. This could set them up to take a sizeable share of a market that is expected to be worth trillions by 2030.

Added on the 19/04/2019 09:11:31 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • 'Horses are dying': activists demand end to Istanbul island rides

    It's one of the classic excursions in Istanbul: a boat journey to one of the car-free Princes' Islands followed by a ride in a horse-drawn carriage. But the carriage rides have become increasingly controversial in recent years as activists sound the alarm over the welfare of the horses.

    21/12/2019 - AFP EN
  • 2019 Renault EZ-POD - animated feature

    The market for mobility services emerged about ten years ago with projections reaching nearly 11 billion euros in 2020. Opportunities are many, and Groupe Renault is heavily involved in identifying and developing new shared mobility services across the board.As the micro-mobility landscape undergoes a sea change, Groupe Renault unveils EZ-POD, an exploratory electric and autonomous vehicle for on-demand travel over short distances. Designed for people transportation or good delivery, Renault EZ-POD maximizes usage relative to the space it takes-up (3 m2).Like electric scooters (for which the regulations are still evolving) or the bicycle, Renault EZ-POD is a limited-speed micro-mobility solution. It’s also autonomous, inclusive and safe. There are a host of applications where the Renault EZ-POD’s agility makes it ideal. Where a shuttle runs along pre-defined routes, several pods can be combined to pick up travellers and bring them to their destination. Because pods are small and drive slowly, they are less obtrusive in a crowded urban environment – making these robo-vehicles flexible in use and socially acceptable.

    17/05/2019 - Auto Moto EN
  • Aston Martin cars 2019 Highlights

    British builder of exotic and luxurious sports cars, Aston Martin’s current model range includes six different vehicles, most with convertible ‘Volante’ versions. The V8 Vantage is the brand’s entry-level volume model and has just been redesigned for 2018. New additions include the DB-11 high-end sports car, Vanquish Zagato, and Valkyrie hypercar. On the horizon is a new venture for the luxury sports brand: a compact crossover called the DBX. Best known for being the ride of choice for James Bond, the name Aston Martin is derived from one of the automaker’s founder, Lionel Martin and the Aston Hill speed hillclimb. Founded in 1913, like many other high end automakers it’s had a tumultuous history until 1994 when Ford took over ownership and since then has thrived in the luxury car market.

    09/05/2019 - Auto Moto EN
  • 'Olli' the Self-Driving Bus Makes First Autonomous Journey in Berlin

    If you've been keeping track of new technology, you have probably heard of self-driving cars. Well, driverless cars took a major leap forward last weekend in Germany. German Transport Minister Alexander Dobrindt and chairman of Deutsche Bahn Ruediger Grube were among the passengers of the first self-driving bus journey in Germany, a development that may radically change transportation, not only in Europe, but all over the world. The bus, dubbed “Olli”, made several rounds around the Euref-Campus premises in Berlin, and is due to undergo further testing in DB’s Bavaria-based Bad Birnbach test track before it will can be approved to hit the open roads.

    20/12/2016 - RT Ruptly EN
  • Uber debuts self-driving cars

    Uber-users in Pittsburgh now have the opportunity to ride in an autonomous vehicle. It's the first time self-driving cars have been made so freely available to the U.S. public and Uber is confident it won't be the last. Jillian Kitchener reports.

    14/09/2016 - Reuters EN
  • Uber debuts self-driving cars

    Uber-users in Pittsburgh now have the opportunity to ride in an autonomous vehicle. It's the first time self-driving cars have been made so freely available to the U.S. public and Uber is confident it won't be the last. Jillian Kitchener reports.

    14/09/2016 - Reuters EN

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of Despite The Fact That Roughly Half Of All Hedge Funds Lost Money Last Year, Paychecks Are Up For The Top Managers, According To Institutional Investor. Bobbi Rebell Reports. - Big payday for hedge fund managers - Label : Reuters EN -
Business

Big payday for hedge fund managers

10/05/2016 17:21:30