Waymo is eating into the ride-hailing market in some cities. The fallout for human drivers stays fuzzy.
Waymo's share of gross bookings in SF, LA, and Phoenix are in the high teens, data showed. Experts say the impact on drivers is still murky.
Alphabet's Waymo is making significant inroads into the ride-hailing market in some cities, capturing a share of rider spending that could have measurable impacts on human drivers, according to third-party data. Waymo's robotaxis accounted for roughly one in every seven dollars spent on rides in its San Francisco operating zone in June, with shares ranging from 15% to 19% in San Francisco, Los Angeles, and Phoenix.
While the impact on human drivers may not manifest as visible job losses, it could lead to changes in driver utilization, longer wait times between rides, fewer trips per hour, and unpaid repositioning, as flexible driver supply means the earliest effects may be subtle.
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