DETROIT – Cruise, General Motors’A majority-owned subsidiary of autonomous vehicles is aiming to have a fleet 1,000,000 or more by 2030.

Wednesday was an Investor Event for GM. Cruise CEO Dan Ammann presented to investors a graph of Cruise’s “exponential Fleet ramp” which showed the company scaling operations to a minimum of a million vehicles.

Ammann stated that “We expect the business to scale up quickly,” during his presentation at the initial of two days of investor meetingsThis concludes the week on Thursday.

Ammann didn’t specifically mention the 2030 target but Cruise spokesmen confirmed that “that’s what the company believes it could be”.

The company will need to get approval from the federal and state authorities in order to achieve this lofty goal. These officials are still in the beginning stages of regulations regarding the deployment and testing of these vehicles.

Cruise has been using robotaxis to test in San Francisco for many years. Ammann stated that Cruise plans to start charging riders for rides next year, subject to a California final permit.

Last week, the company was granted the fifth of sixth permits neededTo commercialize in the state a self-driving fleet of ride-hailing vehicles. Google’sWaymo received a permit similar to that granted to Waymo, however it stipulates that vehicles must have additional safety drivers.

Cruise will scale up its fleet both in the U.S.A and abroad. The company has signed an agreement to become the Dubai roads and transport authority earlier this year. exclusive provider for self-driving taxisRide-hailing and other services until 2029 to aid in ramp-up.

Ammann stated that Cruise plans to reduce the cost of ride-hailing, which currently costs $5 per mile to $1.50 per mile. This will be done by eliminating the driver.

Cruise has hundreds upon hundreds of Chevrolet Bolt EVs with driverless tech in its current test fleet. It plans to start operations with this fleet. The current test fleet consists of hundreds of custom Chevrolet Bolt EVs equipped with driverless technology. GM is planning to produce an autonomous vehicle, the Origin, to replace it. beginning in early 2023

It has proved to be far more difficult than people thought, even though it was possible a few years back. Also, previous goals were not achieved.

A ride-hailing service was planned for public use in San Francisco by Cruise in 2019. To conduct additional testing, Cruise delayed these plans in 2019. 

TeslaElon Musk has previously pledged to sell autonomous vehicles including 1,000,000 robotaxis. The company has no such vehicle.