[toddmorey]

That's why I think this new generation of transportation will be the first realistic challenge to car ownership. Think about it: virtually instant transportation, available on demand, and you can vary the vehicle based on your needs. Take a small car to Ikea and a truck back home. Take a large car out that evening with a group of friends. Shuttle systems that aggregate passengers (but still make custom stops) will drive the prices down further.

You don't have to drive (leaving you free to do other activities), and you don't have to park / store the vehicle. (Our last hotel charged $65 PER DAY for parking.) Under this new model, parking can quickly become the least productive land use and will start to get much more scarce.

Finally, you likely won't ever own or time-share a self-driving car. They'll be provided by the likes of Google or Uber or Tesla as a utility model.

Will people still drive for the joy of it? Absolutely, but it will become more of a hobby / specialty market, just like private piloting.