One study from George Washington University found that the transition to robotaxis could “decrease frontline jobs by 57% to 76%.”
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Goldman Sachs estimates that the total number of robotaxis on the road will increase from around 7,000 last year to 1 million by 2030
Investors looked past Uber’s revenue growth Wednesday to focus on risks to the company from the robotaxi revolution.
The forthcoming fund focuses specifically on the autonomous taxi services theme.
In addition to its Rivian deal, Uber has a $300 million partnership with EV-maker Lucid for at least 20,000 robotaxis.
All of the major players are vying for a major share of a ridehailing market estimated at $43 billion in the US and $150 billion worldwide.
Despite initial concern from motorists, robotaxi services are finding plenty of passengers as they expand across the country.