>If I drive a car to work, it sits in a parking garage all the rest of the day. If I take a Lyft, it continues to roam the streets waiting for the next fare. I

>If I drive a car to work, it sits in a parking garage all the rest of the day. If I take a Lyft, it continues to roam the streets waiting for the next fare. I argued this in another post, but this is a pipe dream of driverless car aficionados. Your car is never going to be able to compete with fleets. The base operating cost of a driverless car is fuel+maintenance and fleets will always be able to underprice you due to economies of scale. In essence, you will lose money every time you rent out your car. This is also a limiting factor for fleets as well. Too many cars will impact fleet revenues too because if they can't make up fuel and maintenance costs they will also have a operating loss. Even in the world where this somehow doesn't happen, what's wrong with deploying your capital? If the streets get clogged (like they are today in major municipal centers), people will opt to for mass public transit until some sort of equilibrium is reached (like it does today). When I'm in Hong Kong or New York, sometimes I opt for subways instead of taxis or uber because it may take uber forever to fight through traffic to my destination.