Earlier quoted context omitted.
I think it is extremely likely that hailing and renting a self driving will be much, much cheaper than owning, maintaining and insuring your own vehicle.
I have many friends who buy cars from the $500-$1000 range and then drive them for a few years, fixing everything themselves using replacement parts. The cars are usually 15-20 years old. The insurance is $100-$200 a year. If they drive daily,do you think anyone will rent them a brand new, technology packed car for what is effectively $20 a month? HN lives in this bubble when everyone can afford a new car, or at leas…
Self driving cars won't always be new though. The price of the technology will drop rapidly as they become mass produced. And there will always an economic advantage to renting vs owning. The cost of the car is effectively divided over several people instead of one.