Surely it will only be a minority that will actually own a personal car when a self-driving taxi will be cheap and without the hassle of insurance, servicing etc.
I envisage a variable pricing system where a journey booked earlier is cheaper as it can be fitted in more efficiently, and a significant discount for a vehicle shared with other passengers with similar journeys.
I don't see cars circling with no passengers, I see cars in constant use, only stationary to pick-up/drop-off or recharge. Way more efficient than what we have currently.
Actually, the prices will be cheaper when booked later, as the value diminishes to zero as time runs out. As the airlines and hotels have learned, an empty seat/suite is zero revenue.
I envisage a variable pricing system where a journey booked earlier is cheaper as it can be fitted in more efficiently, and a significant discount for a vehicle shared with other passengers with similar journeys.
I don't see cars circling with no passengers, I see cars in constant use, only stationary to pick-up/drop-off or recharge. Way more efficient than what we have currently.