Part 6/8:
Economic Viability of Robo Taxis
The economics of utilizing a robo taxi service are likely to shift perspectives toward personal car ownership for many consumers. If the cost per mile for utilizing a Cyber cab is competitive—perhaps even slightly higher than owning a vehicle—drivers may opt to forgo ownership altogether or optimize their household vehicles better. Meaningful changes in travel behavior could arise from cost assessments associated with personal vehicle use and ownership versus ride-hailing services.