They won't reduce congestion and traffic, because people won't have to drive they'll be OK with being on the road longer. You just hang out in your living room on wheels.
Parking... Where are the cars going to park exactly? How far from the restaurants and homes etc? Won't the extra trips from/to parking lots create more traffic?
Reduced income requirements, that's a new one to me. These cars will have more tech that's more expensive to build and maintain. How does that make them cheaper?
50%+ of car trips are less than three miles... as a society what we need is a way to make those trips without cars.