Self-driving cars have the potential to reduce accident rates, make commuting less stressful, save energy, and put a lot of truck and taxi drivers out of work. But it could also have an even bigger consequence: ending personal car ownership altogether. And that would be a good thing.
SELF-DRIVING CARS WILL FLIP THE RELATIVE COSTS OF OWNERSHIP AND RENTING UPSIDE DOWN
Right now most middle-class people own cars, in part because only rich people can afford to take a taxi everywhere they go. Self-driving cars will flip the relative costs of ownership and renting upside down, leading to a world where renting cars is the affordable norm and owning cars is the pricey exception.
We take consumer car ownership for granted because it's how things have always worked. That blinds us to how profoundly wasteful it is. Not only do our cars spend 90 percent of their lives sitting unused in driveways or parking lots, but we've designed our cities around this wasteful practice, setting aside several parking spaces for every car.
SELF-DRIVING CARS WILL FLIP THE RELATIVE COSTS OF OWNERSHIP AND RENTING UPSIDE DOWN
Right now most middle-class people own cars, in part because only rich people can afford to take a taxi everywhere they go. Self-driving cars will flip the relative costs of ownership and renting upside down, leading to a world where renting cars is the affordable norm and owning cars is the pricey exception.
We take consumer car ownership for granted because it's how things have always worked. That blinds us to how profoundly wasteful it is. Not only do our cars spend 90 percent of their lives sitting unused in driveways or parking lots, but we've designed our cities around this wasteful practice, setting aside several parking spaces for every car.