Once automated vehicles take over (eventually), most people will switch to taxis. Taking taxis everywhere will be cheaper than owning your own vehicle. So the need to park will be greatly reduced. Eventually, mass transit will fail and underground subways will be repurposed for AVs. Parking will be built underground for off peak storage of vehicles, allowing the repurposing of surface parking spots. Maybe agricultura…
>Taking taxis everywhere will be cheaper than owning your own vehicle. People say this but it's very unclear it will be the case. Especially outside of places where the environment (salted roads for example) take a toll, most of the cost of owning a car is ultimately distance, not time. A lot of factors could make pay-per-use fleet cars a bit cheaper or more expensive than owner but it's not clear that the economic d…
And that is a big part of why AVs will be cheaper. Paying 1/10 of $500 a month is better than paying $500.
The cost will also depend on how big a vehicle you need. For many people going to work, they only need room for one person and a little space for cargo. Paying for 1/4 of a vehicle is cheaper than paying for a whole vehicle.
So even the variable cost of your transportation will go down.