Global robotaxi market set to hit US$1T by 2040 as China tech costs plummet
2 hours ago
- #Morgan Stanley
- #robotaxi
- #autonomous vehicles
- Morgan Stanley forecasts the global robotaxi market to reach US$1 trillion by 2040.
- Chinese robotaxi manufacturing costs are projected to drop to US$35,000-40,000 per vehicle by 2027.
- Lower hardware costs, AI advances, and clearer regulations may enable robotaxis to cover operating costs by 2028.
- Baidu, Xpeng, and WeRide are seen as regional front-runners in China alongside Tesla and Waymo globally.
- Europe and broader Asia could gain increasing importance in the robotaxi sector by mid-decade.
- Chinese companies benefit from structural advantages like cheaper supply chains to accelerate industry growth.