Waymo, the self-driving car unit of tech giant Google (GOOGL), shared new 2025 data that showed major growth in its ride-hailing business. Indeed, this spring, Waymo hit a huge milestone of one million fully driverless rides each month. Now, the company has provided 14 million rides so far this year, which is three times as many as in 2024. This puts Waymo well ahead of rivals like Uber (UBER), Lyft (LYFT), Tesla (TSLA), and Amazon’s Zoox (AMZN).
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The company also reported 3.8 million total hours of autonomous driving. In addition, these rides helped avoid over 18 million kilograms of carbon dioxide emissions and resulted in ten times fewer accidents than traditional cars. Waymo says that this demonstrates both the safety and environmental benefits of using its autonomous vehicles.
Looking ahead to 2026, Waymo plans to expand its services to 20 new cities, including major cities such as Tokyo and London. It also expects to add more airports beyond the ones it already serves, such as San Jose Mineta, San Francisco International, and Miami International. As a result of the strong progress, Google shares are flat at the time of writing, while shares of Uber and Lyft are sinking.
Is Alphabet Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on Alphabet stock based on 29 Buys and seven Holds assigned in the past three months. Furthermore, the average Alphabet price target of $320.15 per share implies that shares are trading near fair value.
