500,000 Robotaxis To Hit China's Streets By 2030

China's robotaxi revolution is moving along at an accelerated rate when compared to any other country. By the decade's end, Goldman analysts forecast that half a million autonomous robotaxis will be operating across ten major cities. 

"We see Robotaxis as one of the earliest and most visible avenues to commercialization of the autonomous technology, with growing consumer acceptance across large Tier 1 cities, a tightening supply of human drivers as the fleets mature and drivers retire, and with Government and insurance industry as enablers to support growth," Goldman analysts Allen Chang, Verena Jeng, and others wrote in a note on Tuesday. 

Chang said the total addressable market opportunity could be as much as $47 billion by 2035.