A naukri.com initiative
Insider
1M
350
Image Credit: Insider
Robotaxis could slowly be coming for Uber and Lyft drivers' earnings
- As the adoption of driverless taxis spreads across the US, ride-hailing experts told Business Insider that Uber and Lyft drivers could see their earning opportunities slowly deteriorate.
- The adoption of robotaxis could reduce Uber and Lyft drivers' earnings in the long term.
- Despite widespread investment in the robotaxi sector, regulatory hurdles and safety concerns might slow down the spread of autonomous vehicles across the US.
- Robotaxis could make the gig even more competitive for Uber and Lyft drivers who are already struggling.
- A few ride-hailing drivers have reported less profit as an increase in the competition has lowered their pay.
- Experts predict that as more robotaxis hit the road, it could become more difficult for Uber and Lyft drivers to supplement their incomes.
- Analysts at the research firm, Bernstein, estimated that it would take between 350,000 and 400,000 robotaxis to replace the current ride-hailing networks across the US.
- Experts predict that regulatory hurdles and safety concerns could slow the rollout of robotaxis across the US.
- It is difficult to forecast how quickly robotaxis will spread across the US, particularly to areas with less favorable weather conditions.
- Lindsey Cameron, an assistant professor of management at Wharton School of the University of Pennsylvania, said that the driverless vehicle industry has a track record of progressing slower than some expect.
Read Full Article
21 Likes
For uninterrupted reading, download the app