Operations

Uber May Fade, But Will Transform Ground Transport

Posted on September 2, 2016

A Volvo XC90 outfitted with experimental driverless technology from Uber R&D (photo from Volvo/Uber press release)
A Volvo XC90 outfitted with experimental driverless technology from Uber R&D (photo from Volvo/Uber press release)
Uber’s ambitions, and the expectations underpinning its valuation, extend much further: using self-driving vehicles, it wants to make ride-hailing so cheap and convenient that people forgo car ownership altogether.

Not satisfied with shaking up the $100-billion-a-year taxi business, it has its eye on the far bigger market for personal transport, worth as much as $10 trillion a year globally.

Economist article here

Related Topics: autonomous vehicles, driverless cars, industry trends, OEMs, research and trends, self-driving vehicles, TNCs, Uber

Comments ( 1 )
  • Anthony

     | about 2 years ago

    Uber jets failed by same people who started uber. Ubers failed business model that is also failing and burning through billions will not get investors money in the self driving vehicles. The damaged has been done. Their taxi app was a great idea but their exwcution has failed horribly

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