I have to pay to store my manually-driven car 90% of the day, because there's nothing else it could be doing while it waits for me.
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.
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.