GM-backed Cruise targets 1M autonomous cars by 2030

Thursday, 07. October 2021 15:47

Cruise CEO Dan Ammann revealed a graphic to investors on Wednesday showing that the General Motors-backed company planned to produce one million or more self-driving vehicles by 2030.

Speaking at a GM investor event, Ammann said the company expects "to scale the business rapidly" and that the introduction of its fleets would lower the cost of ride-hailing from $5 a mile to $1.50 by doing away with the need for a driver.

Achievement of this goal, however, relies on approval from state and federal officials who are still in the initial stages of regulation and testing of autonomous vehicles. Cruise has been testing self-driving taxis for several years but their commercialization has proven more difficult than expected.

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Author:
Breaking the News / IB