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Definition: TaaS

(Transportation As A Service) Renting a self-driving car as needed. TaaS is a future technology that relies on cloud computing for scheduling and accounting and a fleet of electric-powered self-driving vehicles. Like Uber and Lyft, customers use an app to call up a car to take them shopping or go anywhere. It is estimated that when self-driving technology is mature enough, most people will not own a second car and some might not own any car, because TaaS rental will be five to 10 times less expensive than vehicle ownership. See XaaS.