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Finance

How to Invest in the Future of SAV Technology

Right now, SAVs don’t meet some key FMVSS (Federal Motor Vehicle Safety Standards), which require the use of vehicle parts that become a moot point in fully autonomous rides. For example, a steering wheel and side mirrors are required in all road-legal vehicles. Despite that, the stock market is getting creative.

Companies and stocks that cover the shared autonomous vehicle niche

The SAV subsector is a narrow one, but it could very well expand in the future. You might see them go by the names robo-taxi or shuttle in some instances. Shared mobility is already a huge industry (think Uber and Lyft), but add autonomous to that name and we’re in uncharted territory on the regulated side of things. 

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If the legislation follows, research suggests that Los Angeles alone could bring in robo-taxi revenue anywhere from $4 billion to 20 billion by 2030 (depending on how optimistic the outcome).

First Transit has eight SAV projects across the country. Unfortunately for investors, the company is in the private sector (despite the fact that it has public transport on its mind).

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Recently, Waymo launched a robo-taxi project within a 50-mile radius of Phoenix. Its parent company, Alphabet, is on the stock market (NASDAQ: GOOGL). 

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Voyage is another company with eyes on SAV technology. Currently, the company is privately held, but investors should watch in case that changes. Other companies are in the same boat, including Embark Trucks, Zoox, and EasyMile (the latter of which has just announced that it’s partnering with newly merged automaker Stellantis). 

View more information: https://marketrealist.com/p/how-to-invest-sav-technology/

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