Matute Shares Insight on the Feasibility of a Hyperloop
A New York Times article about the feasibility of a hyperloop transit system cited Juan Matute, deputy director of the UCLA Institute of Transportation Studies. For decades, hyperloop technology has captivated many with the possibility of transporting people at speeds close to air travel. In recent years, many companies have attempted to create a hyperloop, but the technical obstacles of creating such an infrastructure have prevented it from coming to fruition. “Time and again you see technological innovations attracting a lot of investment, and you can make a lot of money during the hype cycle,” Matute said. Companies like TransPod and Virgin Hyperloop have faced obstacles in funding as well as safety issues that come with transporting people at such high speeds. Matute said that, even if the hyperloop charges passengers rates that are less than air travel, the airline industry will likely lower their fees to stay competitive.
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