How Google Will Destroy Uber Posted on : Dec 18 - 2018

Google’s Waymo has officially launched the world’s first self-driving, ride-sharing service! Residents in four Phoenix suburbs can now ride around in its robo-taxis for a small fee.

In RiskHedge, I recently explained why self-driving cars are going to gut the auto industry like a fish. And Phoenix is only the first step in Waymo’s domination of American roads.

Here’s why.

Waymo Is at Least Three Years Ahead of Its Peers

Waymo’s cars have driven 11 million miles already. And they’re clocking up roughly 1 million more every month.

Its five biggest rivals have only covered about two million miles combined, based on Department of Motor Vehicles data.

Waymo is crushing them, as you can see from this chart:

Right now, Waymo is running tests in 25 US cities. And it’s the only company allowed to test fully driverless cars in California because of its first-class safety record.

My research suggests Waymo is at least three years ahead of its peers.

Gaining Public Trust Is Key

Making self-driving cars a success isn’t just about the technology. It’s also about gaining public trust. Waymo leads the way in both.

It’s important to note that human error causes 94% of road crashes.

In fact, 40,000 Americans died on the roads last year. Worse yet, 10,000 of those died in alcohol-impaired crashes. View More