Google Tips Its Hand On Its Autonomous Vehicle Strategy, And It Will Be Big [Seeking Alpha]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Google Tips Its Hand On Its Autonomous Vehicle Strategy, And It Will Be BigSummaryWaymo, a subsidiary of Alphabet, announced its plans to purchase 20,000 vehicles from Jaguar, which shows its autonomous vehicle strategy.It is entering the new market for autonomous ride services (ARS) and not going to sell cars or license its technology.ARS is expected to be an enormous new market: $150 billion by 2025 and $750 billion by 2030 in the US.Waymo/Alphabet could achieve $50 billion in ARS revenue by 2025 and possibly $75-$150 billion by 2030, potentially overshadowing its current business.But there will be a lot of competition in the ARS market, including Uber, Lyft, some of the car manufacturers, and possibly Apple.
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