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Maybe I didn't word it properly. I discussed the value gained as well as how the advent of self driving will transform existing stores of value like parking spa
by nebula8804 5y ago
Maybe I didn't word it properly. I discussed the value gained as well as how the advent of self driving will transform existing stores of value like parking spaces.
In this case: the value is captured by the car rental company (which will likely be the car manufacturers themselves). Part of the value comes from the rent that the parking space would have extracted.
>It's a huge social benefit but investors are looking for return-on-investment, not making a multibillion loss to improve society.
Its hard to predict how much value they can gain unless we have more information but I'd imagine if the majority of cars become on demand, then there has to be at least a few billions of dollars in potential value.
In regards to if people will actually take up rental: Since everyone else is moving to a rental model today(streaming services vs owning, cell phone "refresh" contracts, potential apple offering a monthly subscription that always gets you a new phone, car companies offering all included monthly car subscription) by the time this thing rolls out it is plausible that there will be high uptake on a rental model.