What about the impact of driverless cars?
Most peoples cars sit idle 95% of the time and it costs them on average about $9,000 to service run and insure the car each year.
If driverless cars are available and you can order one up with an app at low cost and share the cost with someone else, that will have a huge impact on car ownership.
It will also impact insurance companies that derive a lot of their income from car insurance.
There also will be reduced need for parking and garages.
