Earlier quoted context omitted.
You can run a car for longer with no driver and of course the human capital involved is none. But the flip side is that the cars wear out quickly.
A lot of taxis are already run 24 hours a day, switching off between drivers at shift changes. The per-mile gas, maintenance, and depreciation (ignoring any fixed per-day or per-year costs) are already much more than 10% of the total cost of a ride. I came across a (possibly outdated) Uber pricing model for LA of a $5.60 minimum fare and a $0.90 per mile charge, and among other fees, NYC cabs are $2.50 per mile. Comp…
http://www.nyc.gov/html/tlc/html/passenger/taxicab_rate.shtm...