Quote:
Originally Posted by accord1999
Why would it drop so much? Uber rates are already unsustainable as it is the largest money loser in the tech startup history because it tries to compete with private transport and mass transit. And where its drivers make do with low pay and drive old but cheap to operate cars.
And if operating costs of a vehicle dropped so much, people would just buy more of it so they wouldn't ever have to deal with hassles of strangers ever again. In that future, people needing to rent a ride will be as rare as people today that need pay phones.
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Think of it as I posted above. What's the biggest cost to Uber? People.
Remove people, increase capacity and scale and it's quite cheap. Your car sits for over 90% of it's life (higher for most people), yet still costs you for insurance, cost of the vehicle itself, maintenance, tires, fuel, etc. If you cut insurance down by 90% (autonomous cars would likely reduce accidents by at least this amount), split the rest (excluding fuel) by the other 9 people riding the car. You also don't have to pay for the driver. That $9 uber ride now has a cost of a couple bucks at most.