{"id":7374,"date":"2024-08-12T17:19:12","date_gmt":"2024-08-12T17:19:12","guid":{"rendered":"https:\/\/news.godj.com\/news\/robotaxi-tech-improves-but-can-they-make-money\/"},"modified":"2024-08-12T17:19:12","modified_gmt":"2024-08-12T17:19:12","slug":"robotaxi-tech-improves-but-can-they-make-money","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/robotaxi-tech-improves-but-can-they-make-money\/","title":{"rendered":"Robotaxi tech improves but can they make money?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Over the past year or more, there has been a recalibration when it comes to autonomous driving, on which <a href=\"https:\/\/www.mckinsey.com\/industries\/automotive-and-assembly\/our-insights\/mobilitys-future-an-investment-reality-check\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\">in excess of $100bn<span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e16en2lz0\">, <!-- -->external<\/span><\/a> (\u00a383bn) is estimated to have been spent. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Back in the 2010s some thought we would be doing most of our trips in autonomous vehicles by now.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Argo AI, the self-driving tech start-up backed by carmakers Ford and Volkswagen, announced it was shutting late last year.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Many traditional car companies are now saying private self-driving cars, unconstrained by where they can travel, are a long way off and have switched their attention to advanced driver assistance systems instead.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">More limited use cases, like self-driving shuttle services, that would operate along short fixed routes are also getting more attention, <a href=\"https:\/\/www.gov.uk\/government\/news\/uk-government-backing-helps-launch-world-first-self-driving-bus\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\">including from the UK government<span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e16en2lz0\">, <!-- -->external<\/span><\/a>.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But Cruise and Waymo appear to be staying the course, ploughing resources in and incrementally making progress. Cruise is pursuing both ride-hail and last-mile driverless delivery, which it has been trialling in Phoenix. Additionally, Waymo is developing long-haul autonomous trucking.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Touted benefits of autonomous taxis range from being safer &#8211; though that is still being proved &#8211; to more reliable, to more relaxing as customers don&#8217;t have to worry about being sociable with a driver. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Yet, for such benefits to be realised, the service needs to become financially sustainable. <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0965856420305930?via%3Dihub\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\">And analysis by Mr Nunes<span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e16en2lz0\">, <!-- -->external<\/span><\/a>, published in 2020 but which he believes still holds true, shows autonomous ride-hailing doesn&#8217;t make economic sense, even with generous assumptions.  <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Firstly, behind the scenes there is still a human requirement. Automation changes the type of labour that is required, but it doesn&#8217;t eliminate the need for labour.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Transport consultant Nick Reed says that robotaxi services will need customer support agents, fleet operators to monitor where the cars are, engineers to troubleshoot specific problems the vehicles encounter, and people to physically rescue the cars if needed as well as clean and charge them. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Secondly, there is plenty of time when taxis are empty. While a driver isn&#8217;t paid for that time, those working behind the scenes in the autonomous taxi model still need to be.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Yet the companies remain confident they can scale up and become profitable.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-64742934?at_medium=RSS&#038;at_campaign=KARANGA\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past year or more, there has been a recalibration when it comes to autonomous driving, on which in excess of $100bn, external (\u00a383bn) is estimated to have been spent. Back in the 2010s some thought we would be doing most of our trips in autonomous vehicles by now. Argo AI, the self-driving tech [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[4223,262,4222,459],"class_list":["post-7374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-of-business","tag-improves","tag-money","tag-robotaxi","tag-tech"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/7374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=7374"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/7374\/revisions"}],"predecessor-version":[{"id":7376,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/7374\/revisions\/7376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/7375"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=7374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=7374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=7374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}