Alphabet's Self-Driving Project Leads the Way Forward For Driverless Cars
【Summary】Waymo, Alphabet’s autonomous project, takes another step to being able to monetize its technology and driverless vehicles.
There are numerous companies and automakers all competing to be the first to take their fleet of self-driving cars from the testing phase to actually being able to make some money off of the tech. According to a recent report by The Motley Fool, Waymo, Alphabet's autonomous project, has taken another step to being able to monetize its driverless vehicle program.
Why Waymo's In The Lead
One major step that has allowed Waymo to get ahead of the rest of the industry is its new early rider program that was unveiled last month. The program provides individuals in Phoenix, Ariz. rides in one of the company's autonomous cars and allows Waymo to get crucial feedback on its vehicles. Waymo isn't the only company providing individuals with rides in autonomous vehicles in Phoenix, though.
Uber, which is doing the same thing, only allows users to request a short, single, one-way trip. Waymo's program, on the other hand, gives users access to the company's autonomous cars on a daily basis.
According to The Motley Fool, the move to make its driverless program means Alphabet, is looking to carve out a niche market for itself by opening the door to partner with automakers. The outlet claims that Statista, an online statistics, market research, and business intelligence portal company, estimates that the ride-sharing market will grow by approximately 22 percent a year from 2017 to 2021. The company, as cited by The Motley Fool, believes the market will hit $70 billion by 2021.
Unlike other companies that have teamed up with multiple automakers, Alphabet has entered into a partnership with Fiat Chrysler Automobiles (FCA), allowing the company to use its Pacifica Hybrid minivans as driverless vehicles. The Motley Fool claims that Waymo and FCA signed an agreement for 100 autonomous Pacifica Hybrid minivans last year and has plans to add another 500 driverless minivans in the near future, as well.
The collaboration with FCA will ensure that Waymo has the necessary amount of vehicles when autonomous cars are given the green light to be used by ride-sharing companies.
Waymo's Clearly In The Lead
All of these pieces of information reveal just how well Waymo is doing in a cutthroat market. And, as The Motley Fool reports, Waymo's self-driving technology seems to be the safest out of the entire bunch. Uber's self-driving car was involved in an accident in Arizona earlier this year and, as the outlet claims, has been involved in other incidents, including running a red light in San Francisco last year.
Waymo, which has covered approximately 630,000 miles in California last year, reports The Motley Fool. The figure was much more than what second-place Nissan was capable of doing with just 4,099 miles claims the outlet. While the figure is impressive, it's even more so when considering that Waymo had a disengagement rate of just 0.20 per 1,000 autonomous miles driven in 2016, reports The Motley Fool.
Clearly, Waymo is in the lead when it comes to autonomous ride-sharing companies. And, as The Motley Fool claims, the release of the new Pacifica minivan will only help the ride-sharing company towards being one of the first to monetize on the self-driving ride-sharing movement.
via: The Motley Fool
Vineeth Joel Patel
Joel Patel has been covering all aspects of the automotive industry for four years as an editor and freelance writer for various websites. When it comes to cars, he enjoys covering the merger between technology and cars. In his spare time, Joel likes to watch baseball, work on his car, and try new foods
Mercedes-Benz EQS Gets an EPA Estimated Range of 350 Miles
2022 Ford Mustang V8 Loses 10 Horsepower Because of Emissions Regulations
AAA Study Finds Driver-Assist Systems Struggle in Bad Weather
J.D. Power Study Finds That New Owners Don’t Use a Lot of Advanced Tech Features
Semiconductor Chip Shortage Could Extend Well Into 2022
Tesla Moving Its Headquarters to Texas, a State Where it Cannot Sell its Vehicles Directly to Customers
Ford Spices Up 2022 Mustang With New Appearance Packages
Report: Rivian Continued to Steal Secrets, Staff After Tesla Lawsuit
- General Motors to Add 5G Connectivity to its Model Lineup in Partnership With AT&T
- Tesla Agrees to Pay Model S Owners $1.5 Million For Reducing Battery Power in Their Vehicles
- General Motors Confirms That Electric Versions of the Blazer & Equinox Are in the Works
- Here’s Why UK Startup Everrati's Porsche 911 Electric Conversions Are Special
- Toyota to Invest $13.5 Billion in Electric Vehicle Battery Development by 2030
- General Motors is Opening a New Engineering Center in Michigan to Develop Low Cost & Advanced EV Batteries
- The New Mercedes-Benz AMG GT63 S E Plug-in Hybrid is the Most Powerful AMG Model Ever Made
- Honda Ditches Plan for Tackling EVs Alone, Embraces Partnerships
- Here's What We Know About the Upcoming 2023 Cadillac LYRIQ
- General Motors Issues Recall for 69,000 Chevy Bolt EVs Due to Battery Fire Risk