Uber CEO Warns The 'Biggest Factor' In AV Growth Is Affordability, As Significant Scaling Could Take 10-20 Years

Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi highlighted the key factors influencing the growth of autonomous vehicles.

High Costs Slow AV Adoption

Speaking at the World Economic Forum, Davos, on Tuesday, Khosrowshahi emphasized the critical role of affordability in the expansion of autonomous vehicles. He noted that the current cost of these vehicles is “well over” $100,000.

The CEO added that many autonomous vehicles on the road today lack the computing capacity required to meet safety standards, and he expects their deployment to remain relatively limited over the next three to five years.

Khosrowshahi estimated that it will take 10 to 20 ...

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Uber CEO Warns The 'Biggest Factor' In AV Growth Is Affordability, As Significant Scaling Could Take 10-20 Years

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