Published by Global Banking & Finance Review®
Posted on October 17, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleBolt CEO Markus Villig urges the EU to prioritize self-driving cars to compete globally, highlighting strategic and security implications.
By Philip Blenkinsop
BRUSSELS (Reuters) -Europe needs to pay at least as much attention to self-driving cars as it does to electric vehicles if it wants to play a role in one of the key technologies of the next decade, the CEO of Estonian ride-hailing and food delivery company Bolt said on Friday.
Europe's automakers, who employ millions across the continent, are struggling to keep up with foreign technology development, particularly by China and the United States.
"There's so much on EVs but we've lost the plot on autonomous driving," Markus Villig, CEO of the European rival of U.S.-based Uber, told a small group of journalists. "It will be the core technology."
Autonomous driving is dominated by U.S. companies such as Alphabet subsidiary Waymo and Tesla, and Chinese competitors Baidu, WeRide and Pony.ai. Waymo plans to launch autonomous ride-hailing in London next year.
Bolt stands to gain from the launch of "robotaxis", but Villig said the European Union should recognise this as a strategic technology, with security implications, and not just rely on imports.
Villig, who was due to meet EU technology chief Henna Virkkunen on Friday, said the EU was spending tens of billions of euros on various parts of the EV supply chain, but nothing comparable on self-driving software. Traditional carmakers might provide some investment, but did not look set to build their own self-driving systems.
The EU is keen to enhance its digital sovereignty, by reducing Europe's reliance on U.S. Big Tech in cloud and network services and artificial intelligence.
Villig said the EU also had to avoid allowing large foreign players to come in and crush smaller local competitors, as had happened in other tech areas. He suggested upcoming EU players could be offered subsidies and perhaps provided exclusive licences to operate robotaxis in specific cities or regions for a certain period to allow them to build scale.
(Reporting by Philip Blenkinsop; Editing by Emelia Sithole-Matarise)
Autonomous driving refers to the technology that allows vehicles to operate without human intervention, using sensors, cameras, and artificial intelligence to navigate and control the vehicle.
Electric vehicles (EVs) are cars that are powered entirely or partially by electricity, using batteries or fuel cells instead of traditional internal combustion engines.
A robotaxi is a self-driving taxi that can transport passengers without a human driver, utilizing autonomous vehicle technology to navigate urban environments.
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