Dear reader,

The average U.S. consumer spends 216 hours per year in a vehicle traveling to and from work. That’s the equivalent of 27 additional eight-hour workdays on top of a person’s already busy schedule.

Imagine what someone could do with all that extra time.

We may soon be able to find out… Because it’s only a matter of time before cars are able to drive themselves.

Car manufacturers – specifically Tesla’s (TSLA) Elon Musk – have had grandiose ideas about the future of autonomous vehicles (AVs) for several years. But reality is finally here, and it can wholly be attributed to artificial intelligence (AI).

This convergence of technologies is the focus of today’s new episode of SteadyTrade Podcast.

According to a 2022 Pew Research Center survey, only 37% of Americans would get into an AV if given the chance. That’s understandable. But to invest in innovation, you must adopt the mindset of a futurist. You must consider what the world will look like in five, 10, even 20 years.

In the podcast, we talk about what Matt believes will be the greatest use case for self-driving vehicles – “robotaxis.” These are essentially fleets of AVs that operate as taxis or ridesharing services. And it’s believed that they’ll generate $28 trillion in enterprise value over the next five to 10 years.

Matt and Tim talk about the two key drivers fueling the robotaxi trend – cost and safety. It’s estimated that AVs will eliminate 99.9% of the crashes currently being caused by human error.

And of course, they highlight the companies currently leading the charge… 

Many of Tesla’s vehicles are already semi-autonomous. And Waymo – a self-driving car spinoff of Alphabet (GOOGL) – is operating an autonomous rideshare service in Phoenix. 

But those are far from the only AV businesses worth investing in. Automakers, semiconductor companies, auto parts businesses, urban mobility leaders, and even commodities are all fair game to become the ultimate winners of the shift to the future of transportation.

This is an inevitable trend that every opportunistic investor should know about.

So click here to watch the latest episode of the Steady Trade Podcast now.