Waymo, Alphabet's autonomous vehicle company, is making significant strides towards mainstream adoption of driverless technology. Despite General Motors' recent exit from the robotaxi market, Waymo is expanding its services and partnerships, signifying a promising future for driverless transportation in the United States.
Despite General Motor's decision to shutter its Cruise robotaxi business earlier this month, the U.S. has never been closer to a driverless future. For the autonomous vehicle industry, 2024 will be remembered as the year that at least one major U.S. player -- Alphabet-owned Waymo -- saw glimmers of mainstream adoption. Domestic competitors are working to catch up to Waymo -- most notably Elon Musk's Tesla and Amazon's Zoox.Uberof its licenses in California.
When GM decided to retreat from the robotaxi business earlier this month, it had already poured $10 billion into Cruise. Waymo may have outlasted Cruise to lead the U.S. market but domestic competitors are working to catch up, too -- most notably Fortune Business Insights, the global ride-sharing market is projected to grow from an estimated $123.08 billion in 2024 to $480.09 billion by 2032.Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet.What began as 'project chauffeur' at Google in 2009 became a publicly available, commercial robotaxi service across multiple U.S. cities this year. The project, rebranded as Waymo in 2016, has now completed more than 4 million paid autonomous trips in total, the company said Wednesday. That's more than triple the number a year ago, when Waymo said it had completed around 700,000 driverless ride-hail trips. Waymo's service now operates in Phoenix, San Francisco and Los Angeles, covering more than 500 square miles of public roads.its robotaxi service to all San Franciscans, allowing them to hail rides via the Waymo One app. Opening to the general public proved to riders, and internally, that the company's fleet of AVs can work well in the traffic conditions of a complex urban environmen
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Waymo's Driverless Taxis Drive Towards Mainstream AdoptionDespite General Motors' exit from the robotaxi market, 2024 marks a significant year for Waymo, with glimmers of mainstream adoption. Waymo has completed over 4 million paid autonomous trips, expanding its service to all San Franciscans. The company's success highlights the growing potential of driverless vehicles in the U.S.
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