- Autonomous vehicles are on the horizon and their implementation in the ride-hailing market will be the first adaptation of them for public use.
- Uber and Lyft have operated mostly undisturbed by competition in the ride-hailing market for quite a while, but autonomous vehicles will bring about a new wave of entries to the market.
- General Motors, Waymo, and Tesla will be the strongest competitors for the two ride-hailing giants out of the gate and will encroach upon their market share with a superior service.
- Uber is unable to justify its nearly $65 billion valuation and, in the coming years, will begin to see dramatic reductions in its value as the reality of its future begins to become more apparent.
For further details see:
Uber And Lyft: The Losers Of Ride-Hailing Under Autonomy