Earlier this year, Amazon (NASDAQ: AMZN) purchased Zoox, a six-year old start-up seeking to create autonomous driving vehicles from the ground up. It reportedly paid over $1.2 billion in the deal, making it one of Amazon's largest ever acquisitions. On Monday, the company revealed the Zoox vehicle and its plans for the fully autonomous electric vehicle. Amazon is planning to compete with Uber Technologies (NYSE: UBER) and Lyft (NASDAQ: LYFT) using the Zoox electric vehicle (EV) as a driverless robotaxi, according to a Bloomberg report. Zoox vehicle. Image source: Zoox. The EV can carry up to four people, travel in either direction, doesn't contain a steering wheel, and has a maximum speed of 75 miles per hour. Its two battery packs are enough for the vehicle to run up to 16 hours on a single charge. The company plans to launch an app-based ride hailing service in some U.S. cities, including San Francisco and Las Vegas, as well as overseas. Zoox chief technology officer Jesse Levinson said the vehicle has passed all safety crash tests, according to the Bloomberg report. It navigates using spinning laser sensors and cameras on each corner of the vehicle, giving it the ability to see a complete field of vision at all times. CEO Evans also said the EV "could move packages" at some point, referring to the possibility of creating a fleet of autonomous delivery vehicles, though she said there are no current plans for that. Find out why Amazon is one of the 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* Tom and David just revealed their ten top stock picks for investors to buy right now. Amazon is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of November 20, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Howard Smith owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends Uber Technologies and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool has a disclosure policy.Source