Alphabet’s Self-Driving Car Business

On the heels of Waymo’s commercial launch on Wednesday, investment bank UBS estimates that Alphabet’s self-driving car unit will reel in $114 billion in revenue in 2030.

Alphabet’s self-driving car unit could book $114 billion in revenue in 2030, according to a base-case estimate from investment bank UBS.

In its self-driving taxi test in the suburbs around Phoenix, Waymo will charge a small number of people fares competitive with rides Lyft and Uber. But as Waymo adds more cars and locations, it could also license its maps and an autonomous vehicle operating system to other service or car-markers, or monetize the eyeballs of riders through entertainment or advertising, UBS analyst Eric Sheridan writes in a note to clients on Thursday.

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