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Ride-sharing companies such as Uber and Lyft have been betting that self-driving cars will make the companies profitable, but recent research from MIT claims that self-driving car operating costs may be even higher than personal car ownership.
Business Insider reports that while ride-sharing firms Uber and Lyft have continued to lose money with combined losses of $3.8 billion in 2019, these firms have bet that the introduction of self-driving cars will help the companies reach profitability. But new research from MIT may have crushed these dreams.
Ashley - Nunes - Kristen - Hernandez - Authors
Ashley Nunes and Kristen Hernandez, the authors of a new report on autonomous taxis, claim in their research that: “Although the cost proposition of autonomous taxis (ATs) may be improved by more closely matching supply with demand, we demonstrate that achieving maximum utilization would still leave ATs fiscally uncompetitive with conventionally driven vehicles (CDVs).”
According to their research based on data from San Francisco, the operating costs of autonomous vehicles with single occupants work out at between $1.58 and $6.01 per mile. This is a huge increase over the...
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