Waymo is eating into the ride-hailing market in some cities. The fallout for human drivers stays fuzzy.

Waymo has captured significant shares of ride spending in mature markets like San Francisco, Los Angeles, and Phoenix, with data showing Waymo taking between 15% and 19% of rider bookings. Experts suggest that the impact of this growth on human drivers will not appear as sudden layoffs but rather through changes in utilization, such as longer waits or fewer trips per hour.