1. Ride hailing will be much cheaper than owning a car, and because electric cars can last longer with heavy use, it will make economic sense for the ride-hailing cars to be electric.
2. In 2030, using autonomous electric robo-taxis could be 4 to 10 times cheaper per kilometre travelled than buying a new car, and 2 to 4 times cheaper than operating your own, old car.
3. Self-driving cars almost eliminate the possibility of accidents, the cost of insurance could be, therefore, far lower.
4. Because the robo-cars will be driven most of their lifetime, the depreciation cost per kilometre would be sharply reduced. Personal cars are only used 4% of the time.
5. Electric cars require less maintenance and last longer. If a typical gas vehicle lasts 300,000 kilometres at the most, an EV could easily last 800,000 km. Elon Musk has already talked about designing a Tesla that lasts 1,600,000 km (1 million miles).
As gas cars become less common, gas stations will start to close. It will be more difficult to get fuel. Car mechanic repair shops will start to close, and parts will get harder to find. The oil industry could eventually collapse.
-tk-