Alphaville has long held the suspicion that, despite the hype, the economics of a self-driving fleet of taxis, as an alternative to owning a car, simply won’t work. A new paper out Monday, written by researchers at the Massachusetts Institute of Technology and exclusively shared with FT Alphaville, agrees. It suggests that, at current prices, an automated hive of driverless taxis will actually be more expensive for a consumer to use than the old-world way of owning four wheels. Drawing on a ...
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