Maybank: Grab is well-positioned to benefit from autonomous vehicle adoption in Singapore
Grab is well-positioned to benefit from autonomous vehicle (AV) adoption in Singapore, Maybank Investment Bank said in its recent note. The research house based on a 2030 blue sky model, estimated AV costs could fall to $0.52/mile with tech deflation, while driver costs rise to $0.85/mile on 4 percent annual inflation. “Assuming 20 percent of Grab’s Singapore fleet transitions to...
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