Part 2/14:
Recently, Bank of America revised its outlook on autonomous ride-hailing, projecting it could become a $1 trillion U.S. market. This recalibration stems from the realization that as autonomous vehicles reduce per-mile ride costs to levels comparable with traditional car ownership, adoption could surge significantly. Currently, ride-hailing services like Uber and Lyft cover a mere 1% of the 3 trillion miles driven annually in the U.S., but a potential jump to 20% over the next 15 years is on the horizon, transforming personal transportation fundamentally.