It wasn’t that long ago that electric cars were cutting edge, radical even. And certainly, driverless cars and food-delivery robots were a thing of cartoons like The Jetsons. But today, even the postal service has gone electric, with $9.6 billion of funding allocated to cover the cost of purchasing more than 66,000 electric vehicles and building the charging infrastructure to support them by 2028. And driverless vehicles? Autonomous Waymo cars are transporting passengers all over larger cities, such as Los Angeles, Austin and Atlanta. Food-delivery robots are doing the same thing for restaurant takeout orders. The two are so ubiquitous in some urban areas that it won’t be long before police will need to determine what statutes apply when an autonomous car or van runs over a delivery bot.
But where do we go from here? And what can investors expect as transportation races into the future?
According to a World Intellectual Property Organization (WIPO) report,