Originally Posted by Snagglefoot
In many science fiction movies there is an underclass that makes due with old equipment. Might it be possible when the self driving cars are obsolete the electronics package is deactivated and the poor folks drive them manually. By the way, whatever happened to all the 64 Chevys?
In the real world, there is an underclass that makes do with old equipment and you see this on the streets every day.
It is the huge availability of used cars that enables lower income folks to own them as well as the good durability and reliability modern vehicles offer.
Addressing some of the points made above, not you in particular:
1. We'll see more consolidation in the industry simply because it's a mature one and there is no killer app potential. The only way in which companies can grow and defend their businesses is through acquisition.
2. In large and densely populated cities, car ownership has been more of a liability than an asset for years. In places like NYC, you walk, take the subway or use a cab or car service. If you want to go somewhere for a week or weekend, you rent a car or you fly. Car ownership will remain a necessity for most who live in flyover country as well as in metro areas sprawled out over many square miles where the opportunity to walk anywhere is limited as is public transit. Think Atlanta, Houston or Dallas.
3. Vehicle demand will likely continue to grow as more folks in the developing world gain the resources to buy and operate motor vehicles. Fuel economy improvements as well as EVs will make petroleum supplies less of a problems than one might think. There will eventually have to be a nuclear future for power generation to enable widespread EV use. In the case of driverless cars called on an app, these will basically replace cabs on a one to one basis, so they aren't likely to cause any great loss in demand and they'll wear out as well. There are also times when I'd be happy to have my personal vehicle operate in an autonomous mode, like long interstate slogs with lots of big rigs clogging up the road.