Autonomous taxis will become a $2 trillion market, UBS says


The global autonomous taxi market could be worth over $2 trillion on an annual basis by 2030, according to estimates from UBS analysts cited by Bloomberg.

In formulating its estimates, the bank utilized its Evidence Lab to run a simulation of an autonomous taxi fleet in New York City using a “complex algorithm that performs dynamic optimal route generation and passenger-vehicle assignment considering vehicle capacity and rider demand.”

What does this mean: The rise of a new multi-trillion dollar transportation industry will likely reshape how consumers travel and automakers operate.

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