Fully Autonomous Robotaxis Have Arrived…
THE DATA.
1. Waymo Already a top 25 travel app.
Despite only being in 3-4 major cities.
2. Data Shows Waymo is a Safer Experience
73% less injury induced crashes.
3. 24/7 Led By Changes in Battery Tech
Tesla has a patent for charging pads.
📅 THIS WEEK
Happy Friday! Today, we’re focusing on robotaxis and the latest developments at Waymo. Self-driving taxis are now a reality—I’ve personally ridden in one, and the data shows rapid growth is underway. But before diving into that, we’re just 5 days away from a potential rate cut. The big question is whether it will be 25 or 50 basis points. At Avory, we believe a 50 basis point cut would be the most prudent approach to front-load rate reductions. However, the odds favor a 25 basis point cut, which we view as the start of a rate-hiking cycle and a catalyst for rate-sensitive sectors to perform well in the coming months and years.
Data #1
Waymo Already Top 25 Travel App
Why does this data matter?
The future of ridesharing is likely to be fully autonomous ride-hailing, and that future is already here. Waymo currently leads the space, with millions of miles driven without driver assistance. Having personally used Waymo, we can attest to the near-perfect experience. Waymo One operates in Metro Phoenix, the San Francisco Bay Area, Los Angeles, and is expanding in Austin, Texas. We believe this first-mover advantage is crucial, as cities are likely to limit the number of operators allowed in a given area.
Data #2
Data Says Lower Risks
Why does this data matter?
Vehicle-related deaths and injuries remain significant, with 1.35 million fatalities worldwide each year and 36,096 road deaths in the U.S. in 2019. In the U.S., 94% of crashes involve human error. Data collected by Waymo suggests that fully autonomous vehicles could help reduce these numbers, showing 84% fewer airbag deployment crashes, 73% fewer injury-causing crashes, and 48% fewer police-reported crashes.
Data #3
Teslas Charging Pad Patent Shows Future of Charging Tech.
Why does this data matter?
While Waymo currently leads in autonomous driving, Tesla is also working to become a key player in the space. Tesla's technology can already provide autonomous rides, but there is still a significant journey ahead before they gain approval to operate in cities, a milestone Waymo has already achieved. The image above shows Tesla's patent for charging pads, which will likely be one of many solutions enabling 24/7 charging for fully autonomous electric fleets to function at scale.
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