evTransport
#stevenpaulcote
#elonmusk
Version 5.0
Friday, May 26th
3 pm
evTransport
Transportation of people and products has changed drastically. Current and future electric vehicles enabled with advanced technologies is ushering in a new era of transportation.
Drivers
Autonomous driving without drivers is in the news. It’s likely that the technology and vehicle capabilities to transport people and products will occur. However, regulatory approval will be potentially significantly delayed.
Politician and others will not want to take the risk.
Although a technology driven vehicle is likely to be much safer than humans driving vehicles the media will highlight every accident when occurred by autonomously driven vehicle. It will likely scare the politicians into not making a decision although more lives will likely be lost otherwise.
Is the nature of humans especially politicians not to take risks.
Consumers, many of them, will be extremely uncomfortable driving behind the wheel or as a passenger with autonomously enabled vehicles.
Convenience, comfort and safety
Consumers want convenience, comfort and safety with their personal transportation. For products consumers want convenience and instant gratification. With food consumers want freshness, nutritious, quality and seasonal food with traceability (not frozen). Including with fresh fish, Seafood and other products. Farmers market delivered to them on-demand individual portions pre-cooked, partially cooked or not-cooked.
Autonomous vehicle benefits
A vehicle for on& demand, one-way transportation significant benefit is during dispatch to the on-demand location for pickup and after the trip-ends returning without passenger. Journey transportation is likely to be preferred to have a human driver.
Humanoids
In the future, it’s likely that humanoids can be the driver technologically especially with advanced technology on the vehicle and within the robot.
Redundancy
When vehicles are autonomous driven by technology and humanoids incorporate technology especially artificial intelligence is potentially redundant to have the vehicle and the driver with advanced technology capabilities. Interesting consideration. Redundancy,I s normally good many aircraft and other products are designed with redundancy for safety purposes.
Ride hailing and robo taxi
The ride hailing (ride sharing) and Robotaxing sector’s highlight the utilization of artificial intelligence enabling full self-driving (FSD) vehicles or other similar terminology. The primary difference is a vehicle with or without a driver.
Human drivers cost money with a one-way transportation service. Potentially replacing humans with technology is believed to significantly drive down the cost of Transportation per mile passengers and products. Industry is focus is on reducing cost per mile.
Improve safety is what the consumer is asking for reduced loss of life and serious injuries the consumer, has not said they want a driverless experience with themselves or others. Impact of many consumers say they want to continue driving their vehicles and would be. Many consumers communicate: uncomfortable being a passenger especially in the backseat with no physical human driver.
Sentry Mode (TeslaCam)
Tesla uses its Autopilot to provide a standard Sentry Mode feature with multiple cameras, as well as a built-in dashcam (TeslaCam). In short, the electric car scans and records its immediate surrounding (when someone approaches the vehicle). Advanced security offensive and defensive systems are planned for evTransport.
Communication systems
Advanced communication systems are planned on vehicles, advanced satellite communication systems. Special antennas including global positioning satellite systems (GPSS) factory equipped satellite communication systems or added enabling internet connection anywhere anytime.
Dream job
Autonomous Vehicle drivers position will be a dream job. The drivers can sit during their work listen to music and interact on social media. Advanced,wireless Bluetooth technology. Keeping two hands on the wheel all the time as far as regulatory and technological requirements. Get digitaly paid instantly. Many other traditional benefits and new benefits like traveling the world driving a new electric vehicle.
It’s not really a traditional job, it’s a side hustle or gig with flexibility and freedom.
Hybrid
It’s likely that a hybrid approach is best. On demand transportation services can provide a consumer option with or without a driver in the future.
In a short-term drivers will be required by regulation perhaps not by technology. To optimize the advantage of technology and accept the realities of regulation.
It’s proposed to have human drivers behind the vehicle steering wheel to take-over the vehicle at anytime if driver assistance technology disengages meeting the the requirement by regulations.
Driver skill-set
Advanced Driver assistant technologies dramatically change the driver’s skill-set. With advanced driving technologies dramatic improvement utilizing artificial intelligence (AI). The driver of the vehicle is passive most of time. Compensation for drivers will potentially be reduced dramatically.
First time jobs, entry level
The drivers of autonomous vehicles for transportation will likely transition to first-time job opportunities. Entry level positions.
Compensation including benefits level likely to be commentative with barista and coffee shops (Starbucks). More than minimum wage is planned. The culture of the coffee shop industry likely to be replicated for drivers. Many special perks beneficial for human resource recruitment of drivers.
Side hustles and gig work
A new generation, work habits and styles has emerged side hustles and gig are popular buzzwords. For young generation, it means flexibility and controls, continue schooling and other recreational activities on their schedule.
Retirees job gaps opportunity including couples both as drivers. Excellent travel opportunities with compensation and paid expenses.
Adopting and integrating the labor market conditions is beneficial for new transportation.
The younger generation is extremely technologically capable. Technology is being adopted for transportation. It makes sense to involved younger technologically enabled drivers.
Driver training
Augmenting driving skills of drivers is planned, simulators and human training. Potentially, with defensive driving curriculum for drivers up to including executive protection training.
Self-driving
Individuals that are qualified can request a vehicle and drive themselves or other passengers that are qualified to drive. One-Way long distances is allowed and recommended. Potential expense for returning to vehicle paid by participant endless other return arrangements can be made with other participants. Actively marketed to wide variety of participants.
Passenger comfortable
Drivers will be trained and followed standard operating procedures for passengers. Climate control settings enabled by technology precisely set at most comfortable temperature (72 degrees) prior to passengers entering the vehicle. Incense security lockdown and other protective measures planned including routes traveling based upon criminal activity not just direct route.
Tesla is in Camp Mode it will maintain the optimum temperature and airflow inside the cabin (which you can adjust to your convenience). Your lighting setup will also be maintained, and even the music if you want to listen to some chill tunes while you relax inside your car.
Camp also keeps your low voltage outlet and USB ports powered so that you can charge or use your electronic devices.The touchscreen also remains on so you can play music, browse the internet, play games in the arcade, or watch shows in Tesla Theater (requires Premium Connectivity or Wi-Fi).
Sentry Mode and Alarm
While Camp Mode is active, Sentry Mode and the vehicle alarm system are disabled, as well as auto lock (so you don’t have to constantly lock and unlock the car as you come and go). .
evValet
Vehicle parking location utilizing advanced autopilot and other features with Park Seek and retrieval capabilities. Businesses will have special evValet convenient pick-up and drop-off locations closest to the front door of the business. Inclement weather preparation with umbrellas to other temporary apparel, for personal comfort of participants.
Tesla is working on a feature called “Reverse Summon” or “Park Seek,” which could be added to its Full Self Driving Autopilot suite. Planning to us features with evValet
Sponsored trips
Businesses will provide round trip transportation for consumers. High rollers at casinos for many years have been provided round trip transportation, lodging, food and drinks, plus many other benefits to visit casinos to gamble.
On-demand
Electric vehicle on-demand, one-way transportation of people and products. Concierge level of service, completely digital globally. Multiple bookings planned. Product transportation includes from about 1 pound to 80,000 pounds, including perishable products precision temperature controlled (within about 2°) with humidity and antibacterial capabilities.
Perishable fresh products for cafes and dining experiences at spectacular venues globally, fully supported.
Safety and security are the highest priorities during transportation
Financial Opportunities potentially
Financial opportunities are being created never available before.
evStation’s offer evTransport support with electric vehicle charging ports, cafe’s and many more beneficial amenities. The private evStation’s exclusive to subscribers.
Platform subscription model insures access to subscribers. Private subscribers offerings.
On-demand Transportation
The on-demand digital transportation services to be similar to ride-hailing, ride-sharing and taxis. Application centric transactional, smartphone application transportation
Current and future electric vehicle owners with autonomous capabilities are expected to participate. Vehicle are utilized more efficiently for profit and humanitarian purposes.
Exclusively Electric
The plan will support exclusively electric vehicles no internal combustion engine (ice) vehicles. Electric vehicles (EVs) have a lower operating cost and are supported at the evStation’s for charging. No infrastructure plans to supporting traditional internal combustion engine vehicles.
Autonomous Vehicles
Coming soon autonomous enabled electric vehicles. evTransport program is exclusively for autonomously enabled electric vehicles.
Extreme weather conditions
Electric vehicles in the fleet are capable of maneuvering and adverse extreme weather conditions with some limitations. When other transportation services are canceled or delayed significantly ground transportation to destinations likely to be arranged.
Scalability
At this time and each year incrementally more electric vehicles functioning with autonomous software application capability will become available either through direct ownership or indirect opt-in by independent owners with small businesses. Veteran owned and women owned small businesses are encouraged and fully supported.
Million on demand rides per day potentially.
Pricing and fee structure
At this time it is planned, for vehicle participants to pay a processing fee of up to 20% gross transaction.
Others reportedly charged between 20 and 30% now and in the future.
Suggested the business structure to be: “passive income” to individuals potentially enable them to be in a lower taxable income of about 15% compared to 35% maximum tax rate in United States. This is not intended to be tax advice only as a guideline. Additional benefit of passive income structure, possibly no day-to-day responsibilities.
Country Club
Planning a country club operating model,no cash, no tipping, no scoring, payment digitally from whatever on file payment method is preferred by participants.
Safety priority
The priority of transportation is safety.
Chauffeur’s
Drivers provide chauffeur type experiences. Professional training is planned for all drivers as soon as possible. Advanced executive protection driving training plan selectively offered.
Appropriate attire
Staff including drivers expected to wear appropriate attire. For men and women, black, comfortable shoes including sneakers. Black pants or shirts for women. White tops, any type appropriate for weather and professional look. The proposed attire is similar to the culinary industry.
Charismatic
Courteousness and politeness required. Charismatic personality is beneficial.
Special training is planned part of the curriculum like European Butler training.
Driver & Staff Perks
The drivers interact with participants, essential to have the best drivers and staff. Planning to have many unique special benefits and perks, in addition to financial compensation. Planning five $5) meals for team including: breakfast, lunch and dinner, including beverages (non-alcohol).
Additionally, access to recreational vehicles and other sport activities including at resorts is planned from the mountains (School boarding recruiting equipment passes and food and drinks) to the beaches to International traveling discounted complementary to team. Planning Team plus one (guest).
Side hustle & Gig
Drivers Tim participate like it’s a side hustle or a gig for them.
Leapfrogging
People and freight plan to LeapFrog. Transportation with leapfrogging means people and products on-demand can move long-distances quickly and efficiently. People in electric vehicles transported anywhere at anytime, expecting one-to-five people including children in car seats per vehicle with personal luggage.
When leapfrogging the product keeps moving on trailer, including with custom trailer enclosures or back-of pickup trucks unlimited-distances-rapid. Drivers and vehicle change as necessary. Cross stocking planned at evStation’s.
Advanced communication systems provides real-time tracking and communication.
Pick-up, drop-offs and multiple location transfers are flexible time and location.
Product transportation includes potentially about 3,500 lb in the back of a pickup truck up to 14,000 pounds approximately towed by pickup truck with private or rental trailers.
Semi trucks towing capacity about 80,000 lb with private trailer or specialized trailer rental provided.
Individual refrigeration systems planned with temperature control humidity antibacterial lighting and more. Perishable and non-perishable products transported mixing and matching as needed.
Incremental regulatory relief
It’s likely that autonomous driving on public roads will happen incrementally and geographically. evTransport, plans to work closely with regulatory agencies around the world to have up-to-minute information on allowable use of autonomous with or without driver regulatory compliance issues.
Digital assistant
Planning to fully support digital assistant apps features for transportation provided expectedly from artificial intelligence (AI) apps. Vertically integrated travel and transportation applications expected and supported seamlessly. Individuals book travel trips and ground transportation, the evTransport is vertically integrated.
Disclaimer
Information provided is for informational purposes no representations have been made about the future.
Military
No plans are contemplated to provide military with directly interesting active military personnel and retired veterans will be fully supported including encourage to be drivers and electric vehicle fleet owners.
Law enforcement
It is not contemplated to work directly with law enforcement agencies for transportation. Individual law enforcement personnel are encouraged to participate in fleet ownership and be a driver.
Open source
Information provided is open source not proprietary information and can be used by anyone or any usual purpose at any time.
Research notes:
What is Tesla auto loan rate?
Buying a Tesla
Tesla’s lending partners offer auto loans for its new and used models, including the Model S, Model 3, Model X and Model Y. According to our research, annual percentage rates (APRs) start at 3.24% for those with excellent credit, and loan terms range from 36 to 72 months.
evTransport fleet what is a is not related to the total cost of the vehicle, the best terms and conditions interest rates and duration results in the final payment being as low as possible it’s likely to be the most beneficial for electric vehicle fleet.
Operating expenses per mile for electric vehicle are much lower than internal combustion engine vehicles.
Other significance operating expenses include insurance.
Uber/Lyft ride-hailing
(rideshare and delivery)
Robotaxi
Tesla’s X.ai (Everything Application) artificial intelligence
Tesla’s robo Fleet (Tesla robo vehicle?)
Ride-Hailing vs. Ride-Sharing
Autonomous
Technology & Regulation
Transportation people & product
app-based rideshare and delivery
More Background Research:
Is Tesla Level 3 or 4?
Tesla declared its technology is a ‘Level Two’ semi-autonomous driving system – not the more advanced ‘Level Three’ system which is already being developed and rolled out by rival car-makers.
Tesla is integrating car sharing in its app, hinting at ‘Tesla Network’
CEO Elon Musk said that one of the core goals of the design of the Model 3 (and Model Y later) was to build the electric car around self-driving and car-sharing/ride-sharing capability.
Things like the center display, the cabin-facing camera, and using your phone as a key were meant to facilitate launching those capabilities in the future.
For years now, Tesla has been talking about launching the “Tesla Network,” an Uber-like ride-hailing app that also enables you to share your car with friends and family.
The real value of the Tesla Network would come with Tesla releasing the promised version of its Full Self-Driving package, but there have been delays on that front.
The system has been in early beta for over a year now, and there’s no sign of Tesla trying to get it approved as an actual commercial full self-driving system any time soon.
But Musk said that Tesla could still release the Tesla Network without self-driving, and we are seeing some of the first signs of integration in the app.
Today, Tesla released a new version of its mobile app, and while it doesn’t include new release notes with updated features, some internet sleuths managed to find updates to the app’s code.
One of them found that Tesla added several bits about vehicle sharing
real-time pricing
How do you explain dynamic pricing?
Dynamic pricing, also called real-time pricing, is an approach to setting the cost for a product or service that is highly flexible. The goal of dynamic pricing is to allow a company that sells goods or services over the Internet to adjust prices on the fly in response to market demands.
What is Elon Musk’s new AI?
Elon Musk has founded a new artificial intelligence company named X.AI, according to a Nevada business filing from last month.
The filing, dated March 9, lists Musk as the company’s sole director and Jared Birchall, who manages Musk’s family office, as its secretary.
More Notes:
Elon’s artificial intelligence entity believed to support new app development including for on-demand electric vehicle transportation sharing.
Reportedly, the all-in-one app will support individuals in many ways and financial transactions including transportation. It’s expected that the app will be open-source enabling supporting entrepreneurial small businesses. Including evTransport small businesses (less than 25 vehicles potentially, with less than a million dollars annual revenue and less than 100 employees).
Ride-Hailing vs. Ride-Sharing
Transportation Network Companies (TNCs), like Uber, Lyft, and Via, are often hailed as “the future of public transport” — providing a customized, convenient solution that claims to take cars off the road. Many describe these as ride-sharing or ride-hailing services — using the two terms interchangeably. However, the two are different experiences.
Ride-hailing is when a rider “hails” or hires a personal driver to take them exactly where they need to go. The transportation vehicle is not shared with any other riders, nor does it make several stops along a route.
Ride-sharing, by contrast, is synonymous with carpooling. It is literally the process in which a rider shares a vehicle with other riders. It is not personal transportation, as the space is shared, and it will make stops to pick up other riders.
Major TNCs do offer ride-sharing services, like UberPool and Lyft Shared. This enables multiple passengers traveling in the same direction to request a ride and share the same driver to their respective destination(s). On the surface, this appears to be environmentally sustainable
Tesla Note:
Full-Self Driving (FSD)
Autopilot
Enhance Autopilot
Features Not related to autonomous driving
Camp Mode (temperature control)
Park seek
Tesla’s FSD capability enables all the features that come with Tesla’s Autopilot and Enhanced Autopilot features, including automatic lane changes, autosteering, auto parking, and more
The idea would be to take the autonomous driving from Tesla vehicles and use them to create an automated ride-hailing service.
Uber information
How much does Uber charge per mile?between $1 and $2 per mile
Most estimates claim that an Uber ride will cost between $1 and $2 per mile on average. However, this is just one aspect of how Uber prices your ride and does not include any other fees
Do you pay for Uber before the ride?
When you arrive at your destination and exit the vehicle, your trip ends. Your fare is automatically calculated and charged to the payment method you’ve linked to your Uber account. In some cities, you can pay your fare in cash.
Are Ubers cheaper than taxis?
Is Uber cheaper than a taxi? Uber is usually a little bit cheaper than taking a traditional taxi. In most cases, Uber fares can be up to 40% cheaper than traditional taxi fares. In some cases, though, Uber fares can be almost double what they are for taxis, when you factor in extra costs
Do you tip Uber drivers
You can tip your driver once your trip is complete. Tips are neither expected nor required. After a trip has ended, you have 30 days to add a tip in the app, on riders.uber.com, or from your emailed trip receipt
Fee’s:
Booking Fee: This is a flat fee that is added to each ride to cover operational costs. The fee scales with the distance of the trip, but the minimum booking fee you can be charged is $1 and the maximum is $10.
Service Fee: The service fee is the fee drivers pay Uber, and it varies from trip to trip. It’s the difference between what a rider pays and what a driver earns on a trip, excluding tips, tolls, and certain fees, taxes, and surcharges. However, it is not necessarily charged on every trip.
Surge Pricing: During periods of high demand, Uber applies a multiplier to the standard rate that can make a given ride significantly pricier than what might normally be charged on the same route.
Tolls and Surcharges: Riders are responsible for paying any tolls or surcharges that are incurred during the ride. These fees can vary depending on the city and route.
Local Fees: Depending on where you live, additional fees might be added based on state regulations. For instance, a New York State Black Car Fund fee is added to all Uber rides within New York.
Airport Fee: Uber may charge an additional fee for rides to or from certain airports.
Wait Time Fee: In some locations, a per-minute wait time fee is added based on how long your driver had to wait for you to get into the car after arriving at your pickup location.
Cancellation Fees: If you cancel more than 2 minutes after your UberX request has been accepted, or if your driver cancels after waiting at least 5 minutes at your pickup location, you will be charged a $10 cancellation fee.
Sales Tax: A set percentage added to your ride based on the local sales tax rate that your ride took place in.
Cleaning Fee: Riders are responsible for damage to the interior or exterior of a vehicle caused by incidents such as vomiting or food spills. Cleaning fees are assessed and charged according to the extent of the damage
What is the difference between Uber and UberX, you might wonder? Actually, there is no difference between UberX and Uber – UberX is simply a basic level of service that Uber offers. Uber offers a variety of service level options. They range from cheaper, economy rides to pricier luxury rides
How much is a 25 mile cab ride?Miles
Miles Base Fare Total Fare
23 miles $2.50 a 23 mile taxi ride in Richmond VA will cost $60
24 miles $2.50 a 24 mile taxi ride in Richmond VA will cost $62.50
Here
Uber now has 74% of the US rideshare market, up from 62% in 2020, according to market research firm YipitData, while Lyft’s market share slipped to 26% from 38% during that same period.M
Uber
Total Valuation
UBER has a market cap or net worth of $78.24 billion. The enterprise value is $82.41 billion.
Lyft
Interactive chart of historical net worth (market cap) for Lyft (LYFT) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Lyft net worth as of May 22, 2023 is $3.06B.
Uber Lyft
App downloads (last 30 days) 25.3 million 2.8 million
Domestic market share 69% 29%
Estimated gross cash balance $9 billion $2.7 billion
Net revenue (LTM) $10.5 billion $1.6 billion
In recent years, ride-hailing platforms have become ubiquitous and likely now make up the most visible sector of the gig economy. People in most cities looking to go from point A to point B decreasingly walk out to the sidewalk and put their hand in the air for a taxi, but rather, summon a car with a few keystrokes on a smartphone. With voice recognition technology and self-driving cars on the horizon, there is the dream that one day people will soon be able to speak into their phone (or other connected devices) to summon a driverless car to pick them up. All of which seemed outlandishly futuristic when Batman would do so only a few decades ago.
Conventional taxi cabs are becoming obsolete so quickly that most people in US cities will give a questioning look if anyone says that they are going to get one. Once-prized New York City taxi medallions have plummeted in price from $1.3 million in 2013 to as low as $160,000. For the most part, people do not even say that they are going to get a Lyft or Uber, but they “Uber” from one place to another. Indeed, the current CEO of Uber said that he joined the company because it was a verb: “My father always told me if you can run a verb, say ‘yes.’”
With both members of the US ride-hailing duopoly filing initial documentation for their respective 2019 IPOs last month, a closer look at the Lyft vs Uber debate is worthwhile.
What are the Qualitative Differences Between Lyft and Uber?
Although ride-hailing platforms continue to dominate traditional taxis, for both passengers and drivers, it is often a coin toss to decide between the two incumbents. Ride-sharing is a commodity in most US cities, so the majority of both drivers and riders open up Uber and Lyft indiscriminately and choose which to use based on price and wait time. The map applications from Google and Apple have caught on to this and offer in-app pricing gauges for ride-hailing services when users are seeking directions. And some apps have come on to the scene specifically to help users choose the optimal service, such as Bellhop and GoA2B.
While essentially both Uber and Lyft are platforms to pair drivers with riders that want to reach their destination, the two companies differentiate themselves in some ways. Securities analysts drawing up valuations of IPOs do not typically pay too much attention to company culture, however, the stark contrast between these two is illuminating from a strategic standpoint.
Starting with the branding: Uber has a simpler black and white feel, while Lyft opts for pink coloring with a distinct typeface.
The idea would be to take the autonomous driving from Tesla vehicles and use them to create an automated ride-hailing service
Ride-sharing Insurance
Do you need rideshare insurance?
Rideshare companies are usually mandated by state law to provide coverage for their drivers. However, because your rideshare company’s policy may not cover you in situations when you’re waiting for a passenger, most insurers, including Progressive, require you to add rideshare insurance to your personal auto policy if you drive for Uber, Lyft, or any other rideshare service.
What if I don’t tell my insurer about my rideshare driving?
Engaging in ridesharing activities opens you up to potential liabilities that your personal auto policy may not cover, so an insurer could cancel or non-renew your policy if they find out you’re driving for a rideshare service and didn’t notify them. Always contact your auto insurer before you start ridesharing to make sure you’re not violating the terms of your policy, and to add rideshare coverage.
Important note: Some insurance companies don’t offer rideshare coverage or only offer it in certain states. If yours doesn’t, you can switch to a company that does or consider a commercial auto policy. In fact, some states and rideshare services may require you to purchase a commercial policy instead. Commercial insurance is typically more expensive, but in some instances it’s the only way to obtain rideshare coverage.
How does rideshare insurance work?
Here’s how your coverages may shift during a typical ride on a platform like Uber or Lyft:
When you’re offline
Any insurance provided through Uber or Lyft won’t apply during this time period. Instead, your personal auto insurance policy with your selected coverages will apply.
When you’re waiting for a ride request
The ridesharing company may provide insurance that covers liability for bodily injury and property damage. Be sure to contact your rideshare company to confirm how you’re protected.
What rideshare insurance typically covers:
Comprehensive & collision: These coverages include the same deductible as your personal policy.
Uninsured/underinsured motorist (UM/UIM): Uninsured/underinsured motorist coverage types and limits are generally the same as your personal policy, except coverage is provided only for the driver during this period.
Additional coverages: Roadside assistance, rental car reimbursement, and other coverages may apply if you have them on your policy.
When you accept a request
The ridesharing company may provide some insurance covering liability for bodily injury and property damage up to the policy’s limits. It may also provide contingent coverage for physical damage to your vehicle and uninsured/underinsured motorist bodily injury coverage. Rideshare coverage may also cover:
Additional coverages: Roadside assistance, rental car reimbursement, and other coverages may also apply during this period if they’re on your policy.
Deductible reimbursement: Depending on your insurer, you may be reimbursed for the difference between your policy’s deductible and the ridesharing company’s deductible
