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> It will start in cities with people declining to purchase new cars since they can just take a cheap self-driving car everywhere

Wouldn't Uber/Lyft have already sopped up whatever demand exists for that? If anything Waymo is going to take that business away.



I'm including Uber and Lyft in "taxi", i.e., driving service on demand. Replacing a personal car with Uber and Lyft is too expensive for most people, and the basic economic reason is that a human driver must be paid. But in a few years self-driving taxis will be cheaper than taxis with human drivers. At that point, a larger and larger share of the population will stop buying cars and will just take self-driving taxis.




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