InvestorQ : What is the S.A.V. (shared automated vehicle) technology that is attracting many investors like Elon Musk and Warren Buffet?
Dia Deshpande made post

What is the S.A.V. (shared automated vehicle) technology that is attracting many investors like Elon Musk and Warren Buffet?

Answer
image
Ria Jain answered.
1 week ago
Follow
A shared automated vehicle or autonomous vehicle (“SAV”) is a traditional vehicle converted to provide autonomy via stack technology, or a purpose-built vehicle, designed for safely moving people from point A to point B. Different from driverless cars, self-driving cars, or Robo-taxis, an SAV is designed for sharing between multiple users.

When used as an urban mobility solution, SAVs can yield the following benefits:

● Serve as a viable alternative to independent car ownership
● Reduce traffic congestion
● Attract visitors to downtown areas
● Improve walkability
● Increase the safety of all road users
● Reduce the hassle of finding a parking spot in busy urban areas

SAV rides work the same way that autonomous vehicles work, but they add an extra layer. This is likely an automatic technology solution that helps guide them to their next pickup and destination. Elon Musk’s Tesla has made self-driving cars a reality.

However, he wants to make vehicles that don’t require a driver on board. Elon Musk's proposed Robo-taxi service uses the vehicles of Tesla owners when not being driven. Competing directly with Uber and Lyft, Tesla's SAV service is designed to use the vehicle's autonomous driving mode that does not require a human driver at the wheel. When Tesla owners park their cars and put them in SAV mode, the vehicles become available for taxi service. During the time they are not needed, owners derive income.

4 Views