4 ms·
The price will definitely come down. But not enough for taxi/ride-share companies. Many drivers for ride-share companies make less than nothing once you account
by rented_mule 3y ago
The price will definitely come down. But not enough for taxi/ride-share companies. Many drivers for ride-share companies make less than nothing once you account for consumables, maintenance, and depreciation of their vehicles. That last one is often left out of the discussion. Many such drivers stop being drivers when their cars wear out because they don't make enough to pay off a car loan before the car wears out. In many cases, this means the companies are getting the cars at below cost with drivers thrown in for free. The premium for self driving hardware isn't likely to be negative anytime soon. Self-driving eliminates the drivers and therefore the people providing part of the cost of the cars.
There are certainly exceptions, often well publicized by the companies, of drivers who figure out how to exploit the algorithms to make decent money. But when too many figure this out, the companies adjust the algorithms to contain costs, leading right back to the above.