In what way would self driving cars incentivize not owning your own car?
In what way would self driving cars incentivize not owning your own car?
I'd sell my cars in a heartbeat if "Uber minus the driver" existed and was cheaper than owning a car.
But the main point is: if there is no need to compete in price, companies won't do it. There is no other company offering driverless rides and even if Google were to have huge margins on every ride, they wouldn't lower prices.
Happens all the time that companies literally just choose to not compete in price because people don't have options or just have accepted a specific price level.
That cost will almost certainly come down, but at the moment it is cheaper to just pay a human to drive a car with $0 of AV hardware.
A driverless car can very easily do things and make money while I'm waiting for it.
In some scenarios, people rent out their owned cars during the day to avoid this massive opportunity cost, but I doubt that will be the most efficient model.
In what other asset class ever has it made sense for the capital owners to be an extremely long tail of people, rather than a large corporate owner? Especially something as high velocity and fungible as cars.
Taxis/uber etc. are all built as "regular cards". It requires at least 2 people in there. How often is actually more than 1 person in a car? Wasn't that like 2/3 of all drives?
Now let's assume we have specialized cars for just a single person - that saves a lot of material, fuel, and also (parking) space.
But that only works if you don't OWN the car, because if you own it, you might sometimes have to have passengers right? So you always get a big car that is not needed in 2/3 or so of the drives.
That aside, having another driver is annoying for various reasons (e.g. privacy).