It’s been an article of investor faith in Lyft, Uber and Tesla that driverless robotaxis will be less expensive than human-driven ones. Otherwise, what’s the point?
Now comes a study from Massachusetts Institute of Technology (MIT) showing that driverless robotaxis could cost anywhere between twice and eight times per mile.
Unlike other studies, MIT doesn’t just subtract the driver’s salary, but it also adds all the additional costs required for driverless robotaxi operation…
“Man is the lowest-cost, 150-pound, nonlinear, all-purpose computing system which can be mass-produced by unskilled labor.” – Fred Singer (1965)