In a significant step towards the future of transportation, Honda Motor Co. has reached an agreement with General Motors and its autonomous vehicle subsidiary, Cruise, to establish a joint venture to provide driverless taxi services in Japan.

The joint venture is expected to begin operations in 2024, with the aim of launching commercial services by early 2026, subject to regulatory approval. The deal is a testament to the growing interest in autonomous vehicles and the potential for this technology to transform the way we travel.

Using the Cruise Origin, a fully autonomous minibus designed by General Motors, Cruise, and Honda, the electric-powered minibus will be able to pick up customers at designated locations and take them to their destination without the need for a human driver.

The entire process, from booking the taxi to paying the fare, will be done through a smartphone app, making it a completely hassle-free experience. This is an exciting development in the field of autonomous vehicles and could have a major impact on the way people travel in Japan and beyond.

While the new joint venture between Honda, GM, and Cruise is certainly making waves in the autonomous vehicle industry, it will still face stiff competition from other companies, including Tesla. Tesla is a well-established player in the electric vehicle market, with its vehicles featuring advanced driver assistance systems.

Other competitors such as the Cadillac Escalade, Genesis G90, and Ford F-150 all offer advanced technologies and self-driving features, making the market highly competitive. 

The introduction of driverless taxis could indeed have a profound impact on our world, as it will eliminate the need for human drivers. This could have a major impact on the taxi industry, as it could lead to reduced costs and increased efficiency.