I’m looking forward to the day when the cost of taking one of these falls to somewhere 20% above the cost of fuel and wear and tear on the vehicle, making it incredibly cheap to take a ride anywhere you’d reasonably want to be driven to.
How do you know it isn't already at that price? Uber estimated that it costs Waymo $2/mile to operate. Google says they charge $1.60 to $2.60 a mile, depending on location and demand, so Waymo is already almost certainly at the price you claim you'd be taking it. I think you dramatically underestimate how much it actually costs to operate a car. Most people think they pay $0 to garage their car, for instance, since t…
Waymo costs are immaterial right now. Their cars are not production cars, and they have spent billions on R&D that they can't even hope to recoup with the current fleet.
That being said, $2 is super-low. The IRS rate for car depreciation write-off is 71 cents per mile.
> But that's still pretty expensive to be using as a daily commuter!
The true cost of a transit ride in NYC or Seattle is around $20-$30 per ride. People don't actually pay that much because it's heavily subsidized.
Once self-driving matures, it'll also be subsidized and it will completely kill off transit. Maaaaaybe excluding subways in some areas.