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.
Continue reading… “Autonomous taxis will become a $2 trillion market, UBS says”
