The Rise of Robotaxis: Impact on Jobs, Markets, and the Middle Class

Major players in the robotaxi industry, including Tesla, Waymo, and Baidu, are pushing for widespread deployment of autonomous vehicles by 2025. This technology has the potential to disrupt transportation as we know it. Driven by advancements in AI technologies, these companies aim to revolutionize how people get around, sparking significant economic shifts across the globe. Tesla’s CEO Elon Musk claims that all its current vehicles come equipped with hardware capable of full self-driving. This echoes similar strategies employed by Waymo, which utilizes LiDAR-based systems, and Baidu with a focus on vision-only technology.