Part 5/12:
Imagine a world where fares per mile drop as low as 25 cents, compared to current Uber prices that can range from $2 to $8 during surge periods. At such economical rates, the economics of car ownership would be fundamentally challenged. If robo taxis become cheaper than owning and maintaining a vehicle—considering insurance, parking, and fuel—most people would opt for autonomous rides over personal cars for errands, commuting, and family trips.
A Global Market Worth Trillions
Wood underscores that the total addressable market for autonomous transportation extends well beyond ride-sharing. She highlights that the global transportation services market is measured in the trillions of dollars, vastly exceeding the current $200 billion valuation of ride-sharing alone.