Chinese entrants, in the race to put ... [+] autonomous vehicles on the road, are bringing "robotaxis" online in hopes that a hired-car format can be the key to unlocking wide acceptance. The significant dollars projected in this market, though, are ironically causing a series of questionable decisions which may chip away at that available market. Without ruining the punchline of its pay-for-service report, the market drivers are massive, especially in China, North America and Europe where 90% of the robotaxi miles are expected. The DMV, which regulates autonomous vehicles, was reminding Tesla that it doesn’t have permits to sell autonomous vehicles in California. The Bottom LineThe Guidehouse Insights report suggests the available market, but it does not and cannot account for technological, judgmental and political impediments that might shrink that market.

Source: Forbes March 30, 2021 11:15 UTC