GM's Cruise Aims for One Million Self-Driving Vehicles by 2030
Cruise targets a massive fleet of at least one million autonomous vehicles by 2030 as it prepares to launch paid ride-hailing services next year. The company plans to drastically reduce ride costs and expand internationally to achieve this exponential growth.
Cruise, the autonomous vehicle subsidiary backed by General Motors, sets a bold target to deploy at least one million self-driving vehicles by 2030. CEO Dan Ammann presents an exponential fleet ramp to investors, showing confidence that the company scales rapidly to reach this massive milestone by the end of the decade.
To achieve this goal, Cruise relies on regulatory approvals and plans to start charging customers for robotaxi rides as early as next year. The company recently receives its fifth permit to commercialize in California and lowers the cost of ride-hailing from about $5 a mile to $1.50 a mile by removing the driver.
Cruise expands its reach both in the U.S. and internationally, highlighted by an exclusive agreement to provide self-driving taxis in Dubai through 2029. The company currently uses modified Chevrolet Bolt EVs for testing but transitions to its purpose-built Origin vehicle, which GM produces starting in early 2023.