Two EV stocks positioned to capture share of $10 trillion robotaxi market as autonomous taxis expected to scale globally by 2030

Tesla and Rivian Automotive are identified as the two EV stocks best positioned to benefit from the robotaxi market. Tesla has established a $2 billion stake in xAI and allocated much of its $20 billion capex plan for 2026 to AI and autonomy investments, with Cybercab production already underway. Rivian has ramped up investments in AI and self-driving capabilities this year and agreed in March to sell as many as 50,000 vehicles to Uber Technologies in a $1.25 billion deal for its robotaxi service.

McKinsey reports that level 4 robo-taxis (autonomous vehicles just below complete self-driving ability) are now available in the first cities in the United States and China, with global rollout expected to become reality at large scale in 2030. Private self-driving vehicles are projected to scale meaningfully by 2031, and trucking by 2032.

The robotaxi opportunity is valued at US$8 trillion to US$10 trillion globally, according to Cathie Wood, chief executive officer of ARK Invest, speaking at a conference in Hong Kong a year ago. Experts expect robotaxis to be the first commercial application for level 4 autonomy in mobility, rather than privately owned cars.