Latest news with #electricVehicles
Yahoo
a day ago
- Automotive
- Yahoo
Robo Taxis Opportunities and Strategies to 2034: Market to Grow by Almost $250 Billion - GM and Bosch Lead Strategic Acquisitions to Enhance Autonomous Ride-Hailing Innovations
The global robo taxis market is set to soar from $1.18B in 2024 to $17.18B in 2029, driven by rising automation, ride-hailing demand, and traffic congestion. North America leads, with rapid growth in the Middle East and Asia-Pacific. Key players include Waymo and Baidu. L4 robo-taxis and electric vehicles dominate, while cybersecurity and infrastructure remain challenges. Robo Taxis Market Dublin, June 19, 2025 (GLOBE NEWSWIRE) -- The "Robo Taxis Market Opportunities and Strategies to 2034" has been added to offering. The global robo taxis market is on a trajectory to experience robust growth from $1.18 billion in 2024 to an impressive $251.03 billion by 2034, at a remarkable CAGR of 70.96% from 2029 onwards. This expansion is propelled by advancements in autonomous technology, heightened demand for shared mobility, and favorable governmental policies supporting electric vehicles and autonomous driving. North America led the market in 2024, accounting for a dominant 73.41% share, followed closely by Western Europe and Asia-Pacific. However, the Middle East and Asia-Pacific are poised to be the fastest-growing regions with CAGRs expected at 98.65% and 97.10% respectively, surpassing growth rates in established markets like North America and Western Europe. Key market dynamics include the rising implementation of connected vehicles and the continual demand for ride-hailing services. Autonomous fleet management and traffic congestion solutions further underscore the market's growth potential. Nevertheless, cybersecurity issues and infrastructure inadequacies present challenges to the accelerating market pace. The market remains concentrated, with major players including Waymo LLC, Baidu Inc., and Zoox Inc. commanding significant shares. The L4 robo-taxi segment dominates the type division, and the car segment in vehicle type holds the largest share. The electric vehicle segment, comprising nearly 80% of the market in 2024, emerges as a pivotal segment driving future prospects. Innovative advancements in the development of fully autonomous ride-hailing services and strategic collaborations are vital strategies for tapping market opportunities. Businesses are urged to invest in next-gen technology, optimize pricing strategies, and target urban commuters and tech-savvy consumers to capitalize on emerging opportunities. In conclusion, the robo taxis market exhibits robust growth fueled by technological advancements, expanding further into emerging markets with significant potential. By developing strategic partnerships and focusing on urban mobility solutions, companies can leverage this wave of transformation effectively. Major Market Trends Include: Next-Gen Robotaxis Revolutionizing Urban Mobility With Cutting-Edge Autonomous Technology Fully Autonomous Ride-Hailing Expanding, Transforming Transportation Safety Cost-Effective and Fully Autonomous Robotaxis Transforming Urban Mobility China Leading With First Full-Time Autonomous Ride-Hailing Service Strategic Partnerships Enhancing Safety and Scalability of Autonomous Robotaxis Notable Mergers and Acquisitions: General Motors (GM) Acquired Cruise Robert Bosch GmbH Acquired Five AI Reasons to Purchase Obtain a global perspective with exhaustive market coverage. Understand the market's recovery from the COVID-19 impact and future prospects. Develop regional strategies using local data insights. Identify investment-worthy growth segments. Leverage forecast data to outperform competitors by understanding market drivers and trends. Benchmark performance against key competitors. Utilize relationships between key data sets for superior strategy development. Enhance presentations with high-quality data and analysis. Key Attributes: Report Attribute Details No. of Pages 326 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $1.18 Billion Forecasted Market Value (USD) by 2034 $251.03 Billion Compound Annual Growth Rate 70.8% Regions Covered Global Companies Featured Waymo LLC Baidu Inc. Zoox Inc. Uber Technologies Inc. Beijing Didi Chuxing Technology Co. Ltd. Tesla Inc. EasyMile Inc. Nuro Inc. Inc. MOIA GmbH Hyundai Motor Company Nissan Motor Corporation NAVYA Group DiDi Global RoboSense Technology Co., Ltd SAIC Motor Corp., Ltd AutoX Inc Deeproute Toyota Motor Corporation Tata Elxsi GAC Toyota Motor Co., Ltd TIER IV SWM EasyMile SAS Volkswagen Group Aptiv PLC ZF Friedrichshafen AG Nissan Motor Mobileye Nvidia Corporation Continental AG Robert Bosch GmbH Cabify Yandex Taxi Blacklane GmbH Uber Technologies Oxbotica Ltd Volvo Group WeRide Waymod Rimac Automobili Aptiv Yandex LLC Hyundai Mobis Motional Waabi Avride Waymodl Ford Motor Company General Motors Companyd BorgWarner Inc NIO Inc Rivian Automotive Inc QuantumScape Corporation Faraday Future Intelligent Electric Inc Magna International Inc EHang Marcopolo Lume Robotics Magneti Marelli Empresas Revemar Loop Brasil Primeiro Dono Grupo Proeste We Ride Cruise General Motors Company Daimler AG Lyft Inc Cruise LLC For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Robo Taxis Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Motor 1
a day ago
- Automotive
- Motor 1
The Base 2026 Nissan Leaf Doesn't Get The Cool Taillights
I've always had a soft spot for base models, and lately, I've been trying to channel my mild obsession with zero-option cars into work. That's how I discovered that Fiat sells a Grande Panda without a center screen , while Volkswagen offers an ID. Buzz with unpainted bumpers , and Audi has a 94-horsepower car with a five-speed manual gearbox . I'm now adding the 2026 Leaf to the list because Nissan's new crossover skips the fancier taillights if you stick to the cheaper configurations. As usual, press images show the EV in its most appealing form, fully loaded with all the bells and whistles. The high-end version even evokes some Z vibes when viewed from the rear, not just because of the taillights, but also thanks to the black panel on the tailgate. However, the online configurator reveals that this look is exclusive to the Platinum+ trim, while the S+ and SV+ trims have a more basic rear end. Photo by: Nissan The lower trims miss out on the extra taillights mounted on the tailgate. It's an unexpected move in today's cost-cutting climate, especially considering Nissan spent more to design two different taillight assemblies. The tailgates aren't identical either, since the premium version extends the taillights onto the hatch, requiring a different panel altogether. The upgraded taillights, which Nissan describes as having a '3D, holographic design,' include an Easter egg: the 2+3 motif, a nod to 'ni' and 'san' in Japanese. But the cheaper trims don't get that. The absence of the black panel, reminiscent of current and past Z models, also makes the tailgate handle stand out, particularly on white cars. A full-blown configurator isn't available yet, as the vehicle has just debuted, but we're curious whether the Z-style rear design will be offered as an option for the S+ and SV+. Elsewhere, if you splurge on the Platinum+, Nissan adds niceties such as the company's first dimming panoramic roof and a Bose sound system. The range-topping trim also rides on 19-inch wheels, while the mid-level SV+ gets 18-inch alloys and the base S+ makes do with 18-inch steelies with aero covers. The new Leaf will start hitting dealers across the United States this fall. Catch Up With Nissan: Nissan Might Sell Its Home to Survive: Report Nissan: We Have 'People Working' On a New GT-R Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Bloomberg
a day ago
- Automotive
- Bloomberg
Auto Tariffs Seen Hiking Car Prices by Nearly $2,000 Per Vehicle
Car buyers will bear the brunt of the $30 billion cost of President Donald Trump's tariffs, driving up already high US auto prices by almost $2,000 per vehicle, according to consultant AlixPartners. The firm expects auto companies to pass along 80% of the cost of Trump's tariffs — which it calculates as $1,760 more per car. AlixPartners, as part of its annual global automotive outlook, also cautioned that the administration's anti-electric vehicle policies risk relegating American automakers to bit players in the global EV market.
News.com.au
2 days ago
- Automotive
- News.com.au
Australian EV drivers to get hit with new tax, if goverment gets its way
Treasurer Jim Chalmers has flagged the development of a new road-user charge across Australia for drivers of electric vehicles to ensure EV drivers are contributing a fair share to road upgrades. The Treasurer has made no secret of his support for a shake-up of the current system before the election, raising the idea with business leaders in February. But the debate over road-user charges (RUC) for electric vehicles is now set to be reignited as a result of his speech to the national press club. 'We will also continue to work with states and territories on the future of road-user charging,'' Dr Chalmers said. 'All of this represents a big agenda on the supply side of our economy. None of these reforms are simple.' How does fuel excise work? The current rate of fuel excise is 50.8 cents in excise for every litre of fuel purchased. For a typical household with a car running on petrol, the tax costs more than $1200 a year. But the flat sales tax isn't paid by drivers of pure electric vehicles, who simply need to plug in their cars to recharge. While registration and driver's licence fees go to state and territory governments, fuel excise is collected by the federal government. Australian motorists paid an estimated $15.71 billion in net fuel excise in 2023-24, and are expected to pay $67.6 billion over the four years to 2026-27. However, governments have long-warned that a road-user charge will be required to fill the gap in the budget left by declining revenue from the fuel excise, as the petrol and diesel engines in new cars consume less fuel and Australians adopt hybrid and electric cars. What does the AAA say? The Australian Automobile Association (AAA) is calling for a national approach to road-user charging but wants a guarantee the revenue will be earmarked for road upgrades. The AAA backs a distance-based road-user charging as a fairer and more equitable way to fund land transport infrastructure. The 2024 federal budget forecasted a reduction in fuel excise receipts by $470 million over four years from 2024-25. Roadblocks to reform Currently, New South Wales is the only state with firm plans to introduce a road-user charge from 2027 or when EVs reach 30 per cent of new car sales. Plug-in hybrid EVs will be charged a fixed 80 per cent proportion of the full road-user charge to reflect their vehicle type. Western Australia has also stated an intention to implement a road-user charge. Meanwhile, Victoria's electric vehicle levy had to be scrapped following a ruling from the High Court. Two Victorian electric car owners launched a legal challenge on the basis the tax was not legal as it was an excise that only a federal government could impose. They won with the High Court upholding the legal challenge. There have been several false starts to enshrine a road-user charge including in South Australia, where the former Liberal Government planned to introduce a charge for plug-in electric and other zero emission vehicles, which included a fixed component and a variable charge based on distance travelled. It was later pushed back to 2027 due to a backlash before the legislation was ultimately repealed. 'Gold standard' for reform Some experts argue the gold standard for reform is a variable rate that factors in the vehicle's mass, distance travelled, location, and time of day. But there's a big barrier to the Commonwealth imposing those charges because the Constitution prohibits it from imposing taxes that discriminate between states or parts of states. State governments could impose those levies, but as the experience of the Victorian Government underlines, it is legally complex.
Irish Times
2 days ago
- Automotive
- Irish Times
Should electric car incentives be more creative?
Q: Should governments/cities offer citizens shared mobility vouchers or a car scrappage scheme as an alternative to grants and incentives for the encouragement of EV private car ownership, to make better use of vehicles and speed up the electrification of our transport? And are autonomous robo taxis the next evolution of public transport? – Cormack McK, Co Dublin A: The first question here is particularly pertinent, as there does seem to be a groundswell towards a new scrappage scheme to encourage Irish car buyers to opt for an electric car next time out. It's certainly worked in the past. Back in 2000, a scrappage scheme that encouraged owners of older, less-safe vehicles to trade-in for a new set of wheels arguably overperformed, and saw the Irish market for new cars jump to a record of 247,000 sales. Ever since then, the Irish car trade has been moaning that it doesn't sell enough cars. There was another scrappage boost in 2009, aimed to lure motorists towards cars with lower CO2 emissions (ironically, largely diesel-engine cars) while also helping the motor trade weather the dire economic headwinds of the time. READ MORE Both certainly put more cars on the road than would have otherwise been the case. However, there are inevitably trap doors when it comes to scrappage schemes. Many consider a scrappage scheme to be an inequitable way to distribute finite State funds. The claim is that such incentives are merely subsidising car purchases for the well-off in society. Equally, there's a solid argument that finite funds should be prioritising public transport over private, especially if we really want to make a dent in CO2 emissions. Electric cars certainly have their place in that reduction, but they're not the be-all and end-all for lowering carbon emissions. It's also often dismayingly easy to game a scrappage scheme unless very strict terms and conditions are applied and we've been burned by scrappage in the past. In 2009, the scrappage scheme was meant to encourage people to buy cars with lower CO2 emissions, which it duly did. [ EV Q&A: Should I buy an out-of-warranty, used electric car? Opens in new window ] However, as noted above, almost all of those cars came with diesel engines. First off, diesel power did most certainly not suit everyone's driving style, as legions of clogged-up diesel particulate filters came to prove. Secondly, Dieselgate was just around the corner. While it certainly seems that encouraging everyone to shift to electric motoring is the right thing to do, it's worth remembering that many of us thought diesel was the right thing to do in 2009. We don't have the luxury of a second go at this. It certainly seems as if a potential scrappage scheme would encourage more interest in electric cars. Second-hand classified site Carzone has seen EV searches up 16 per cent year-on-year. 'Models such as the Volkswagen ID4 , Tesla Model 3 , BYD Atto 3 and Hyundai Ioniq 5 remain among the most searched, reflecting the growing appetite among Irish motorists,' according to Carzone. 'However, barriers such as cost, charging infrastructure and range remain significant considerations. A well-structured scheme that addresses these challenges would play an important role in making EV ownership more accessible.' And therein lies a significant problem. The Government already offers as much as €8,500 off the price of a new electric car in grants and incentives, as well as other ongoing savings. Yet EV sales, although growing, are nowhere near where we thought they'd be. EVs are also becoming cheaper, due to the tumbling cost of batteries, so would a scrappage scheme that offered maybe €1,000 or €1,500 off the price of a new electric car make that big a difference? Possibly not, and even if it did, the argument that such a scheme is just aiding car purchases for the well-off would still echo. Surely the issue of getting more EVs on the road would be better tackled by more effort in improving the charging network. More fast chargers are being added, driven by EU legislation, but we're well behind others when it comes to setting up slower chargers in car parks and on kerbsides, and the cost of public charging is fast becoming a barrier to uptake. Running an EV is cheap if you're doing most of your charging at home, but it's far from affordable if you're reliant on the public charging network. The idea of shared mobility vouchers is an interesting one, and Ireland is – again – well behind the curve when it comes to the affordability of public transport (not to mention its availability). A recent trip to Prague, for example, showed that a monthly ticket for public transport covering buses, trams, metro and local trains costs the equivalent of €22, and there's a discount for students and minors, which means it costs them just €5.20. Even at the best Taxsaver rate, a monthly ticket for Dublin commuters costs €45, and that's just for Zone One. Clearly, providing better and more affordable public transport would be a massive boost to carbon reduction figures, not to mention potentially a tool for regenerating city centres. As for autonomous 'robo atxis' – don't hold your breath. Such technology certainly exists, but its price has not meaningfully come down since companies such as Google's Waymo, or Uber, started large-scale robotic taxi testing in the US. The tech needed to create a robotic driving system that's genuinely as skilled and aware of its surroundings as even a half-decent human is mind-bogglingly expensive. [ EV Q&A: Why do electric cars still have old-fashioned 12-volt batteries? Opens in new window ] General Motors, the US' biggest car maker, pulled the plug on its Cruise robot taxi service late last year, and Renault has recently said that it sees autonomous tech as more useful for large-scale public transport systems – buses and trains – than for individual cars. Equally, adding more cars to our streets isn't going to resolve the congestion problems in our city centres. What does that leave us with? Well, we know that incentives are certainly a useful way of encouraging people to buy an electric car. Indeed, without incentives many of the EVs on the market right now would be €8,500 more expensive, and that would definitely hurt their sales. The experience of the German government, which ended incentives almost overnight and saw a subsequent plummet in new EV sales, would seem to show that incentives work. Are they a perfect solution? No, not in the slightest, but perhaps perfection is not what we should be looking for here. Any encouragement is useful, and any one person who makes the switch from combustion to electric motoring is another step on the long road to carbon neutrality. In the background, though, we need to be working on the bigger picture: on a charging network that functions properly and reliably for all users; expanding renewable energy for the grid; developing viable e-fuels and biofuels to power the existing car park of combustion engine cars; at least considering the potential for hydrogen as a power source; and creating an electricity supply set-up that's affordable at the point of use when charging. Those are the actions which will truly transform both electric car ownership and emissions from transport. Incentives are really just an early-days sticking plaster.
