By 2030, experts project a significant global rollout of robotaxis, marking a major advancement in autonomous mobility, according to a McKinsey & Co. report. This shift is expected to favor electric vehicle (EV) companies, with predictions indicating the emergence of the first commercial applications of Level 4 vehicle autonomy. By 2035, a global fleet of up to 3 million robotaxis could materialize, representing a potential market worth $10 trillion.
Rivian Automotive (NASDAQ: RIVN) plans to launch its R2 SUV this month, priced under $50,000, tapping into a market where 70% of prospective buyers prefer less expensive vehicles. Analysts forecast a sales surge for Rivian in 2026 and 2027 due to this launch and the company’s investments in artificial intelligence aimed at achieving fully autonomous vehicles. Meanwhile, Tesla (NASDAQ: TSLA) continues to lead in AI capabilities, but its shares have dropped over 25% since December. The company remains focused on dominating the autonomous driving market, which could justify its current valuation if successful.
