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The self-driving car investment crash, in one handy chart.
The autonomous vehicle boom is fizzling. According to a recent report from F-Prime Capital, AV investments have “significantly slowed” in 2022, declining nearly 60 percent as compared to the previous year. That reflects an overall decline in robotics investment — $12 billion in 2022, down from $18 billion in 2021 — but it also speaks to the current reality facing many AV operators right now. They’re laying people off, struggling with regulators and a skeptical public, or shutting down altogether. In short, it’s tough out there for a robot car.
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