Autonomous Taxis: Who Will Reap the Revenues and Profits from the Boom Ahead? (2-22-18)

Autonomous vehicles will transform personal mobility by slashing the cost per mile relative to a traditional taxi, Uber, or personal car, according to ARK’s research. Here, we evaluate which firms will reap the benefits of a new market which promises to ramp from essentially $0 now to $10 trillion in global gross annual revenues by 2030.1

We expect four types of firms to get a cut of the estimated $0.352 in revenue per mile that autonomous taxis will charge: platform providers, lead generators, vehicle manufacturers, and owner/operators, as shown below. Some companies probably will benefit from more than one source of revenues.

Read Full Story Here (via Ark Invest)

The Robo-Car Revolution (1-3-18)

One of Uber’s self-driving cars.

Unless you live in a major city, it’s pretty well accepted that to participate in modern society, you need car. Cars are how we commute to our jobs, how visit our friends and how get out of town for rest and relaxation. But what if this weren’t the case? What if our private vehicles were replaced by subscription-based fleets of driverless cars? What would that do to our cities, and what would that do to our lives?

Although it might sound like science fiction to some, this reality is on the horizon. The technology is already here, it’s simply a matter of how quickly we’ll see it spread.

Read Full Story Here (via American City & County)

Cold War In Vegas: Taxis, Lyft, Uber Fight It Out (1-15-18)

LAS VEGAS, NV – JANUARY 10: Businessman Mark Cuban rides in a Lyft and Aptiv self-driving car during CES 2018 at the Las Vegas Convention Center on January 10, 2018 in Las Vegas, Nevada. (Photo by Bryan Steffy/Getty Images for Lyft)

Last week the 2018 Consumer Electronics Show took over Las Vegas, and the streets were packed. Rideshare vehicles (Uber and Lyft) set an all-time record at the Las Vegas McCarran International Airport on January 8, 2018, making some 11,465 passenger pickups. Taxicabs added to the record, reporting 18,413 pickups at McCarran for a combined total of 29,878, smashing the record set a year earlier of 28,766.

This year’s CES show was the largest ever, with 3,900 exhibitors showcasing technologies to 184,000 attendees in 2.75 million square feet of event space and hotels up and down the Strip. So taxis and rideshare vehicles, as well as charter buses, hotel shuttles, limos and public buses, were all part of the intricate transportation ballet critical to moving those 184,000 attendees around.

Read Full Story Here (via Forbes)

Elementary School PTA Teams Up With Lyft To Get Parents To School, Too (11-14-17)

GAITHERSBURG, Md. – A Gaithersburg school is creating a first-of-its-kind fundraising partnership with ride-hailing service Lyft.

At Jones Lane Elementary School, many students come from the surrounding neighborhood. But a neighborhood six miles away also feeds into the school.

One parent told the Parent-Teacher Association about her struggles getting there without a car.

Read Full Story Here (via Fox 5 DC)

Uber Announces New Driver-Support Hub in Northeast Washington (10-19-2017)

Of the thousands of Uber drivers who work in the District, more than a third live east of the Anacostia River. But since Uber began operating in the city five years ago, those drivers haven’t had a central hub to meet face-to-face with employees of the ride-hailing giant — to ask questions or share their experiences among others in their position.

 Read Full Story Here (Via The Washington Post)