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Waymo robotaxis take business from Uber and Lyft drivers

Nov 29, 2024 - businessinsider.com
Uber and Lyft drivers in Phoenix and LA have expressed concerns that the rise of driverless taxis, specifically Waymo One robotaxis, are negatively impacting their earnings. They argue that the introduction of these autonomous vehicles has increased competition and driven down fares. However, it remains unclear how significantly these robotaxis are affecting drivers' income. Some experts argue that while there may be some impact now, the real hit to drivers' earnings will come as the technology improves and becomes cheaper.

Despite these concerns, there are factors that could limit the impact of robotaxis on human drivers. For instance, restrictions on where these autonomous vehicles can operate could reduce competition. Also, the success of robotaxis could depend on whether passengers feel comfortable riding without a human driver. Some drivers argue that these vehicles can be a hazard on the road, while others believe they could potentially be safer than human-driven cars.

Key takeaways:

  • Uber and Lyft drivers in Phoenix and LA have reported that the introduction of Waymo One robotaxis is increasing competition and negatively impacting their earnings.
  • Despite potential regulatory hurdles and safety concerns, experts predict that the growth of the robotaxi industry could further hurt ride-hailing drivers' earnings in the future.
  • Some drivers, however, feel less threatened due to current restrictions on where robotaxis can operate, such as airports, which are often the source of the most profitable rides for human drivers.
  • There are differing opinions on the safety of robotaxis, with some riders feeling comfortable with driverless cars, while others, including drivers, have raised concerns about their behavior on the road.
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