What drug are you on ? "Driverless Taxi's won't appear in...

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30/11/17

00:59

Post #: 29236208
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Originally posted by Mongrel ↑

Some ppl read too much Sci-Fi. Driverless taxis wont appear in Australia in any meaningful numbers
for about 10 years. Uber's order of driverless Volvos, which don't actually exist yet (but admittedly will within around 4 years. They haven't, btw, even perfected Class 3 autonomous vehicles - what makes you believe they'll hop to the required Class 5 in that short time?)

A classic PR move and some have fallen for it hook line and sinker.

4 seater drones competing with regular taxi fares? What drug are you on? A drone is more than likely to cost 5 to 10 times the price of a car. Forgetting about the laws/regulations that will be needed to allow such a thing, who do you think is going to pay for that capital? Yes, all possible, and likely, but not in the next 10 years. [as an aside, I recall when the helipad was installed on the Yarra in Melbourne to fanfares about a cheap 10min shuttle to Tullamarine. Went bust within a month. Not a dissimilar story.]

Of course it will happen, but not in the timeframe that ppl think, and companies like Uber and Google want to make you believe!

No, the real issue with CAB is that they're not evolving. The bigger immediate threat is actually banking disruptors. CAB, as much as Uber, can always buy a fleet of new technology vehicles, but when anyone can slip a card reader onto their phone, why go through CAB?

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What drug are you on ? "Driverless Taxi's won't appear in Australia in any meaning full numbers for about 10 years " you better buckle up mister shababdabadoo .
Perth will kick of next year with driverless taxis check out out this article .

Driverless cars due to arrive in Perth next year
Posted about 4 hours ago
Perth is set to become the first Australian city and one of the first places in the world to trial on-demand driverless cars capable of picking up passengers.
Supplied: RAC/NAVYA
Source: ABC News | Duration: 39sec
Topics: industry, science-and-technology, automotive, road-transportmce-anchor, robots-and-artificial-intelligence, perth-6000

CAB Price at posting: $1.62 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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What drug are you on ? "Driverless Taxi's won't appear in...

Top Stories

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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