A car is not really an asset. Well, ok if it is paid off it is an asset but it is still depreciating and not an investment. I guess technically you are right it's an asset. But if it is your biggest asset you have far more problems than autonomomous driving wrecking (pun intended) your balance sheet. And what teeny tiny percentage of the population has a car that is over 15 years old ?
Yeah, I'm rethinking that a bit. I suspect the number of people who pay cash for, or make large (like, >50%) down payments on cars, but don't own homes is probably pretty small. The real bottom of the economic ladder buys a clunker at usurious rates from the "buy here, pay here; $30/week" used car lots and have little or no equity in their vehicles. If they ever get close to paying it off, the car probably isn't worth anything by then anyway.
Over time, the non-autonomous fleet will age out, and be gradually replaced with autonomous vehicles. It'll be handled by natural market forces, not legislative action. You won't see government banning non-autonomous cars; it would be political suicide for any legislator. Most people won't get a driver's license because they won't need one, if 90% of the used fleet and 100% of the new fleet is autonomous.
The key is that buying autonomous cars isn't going to be how it works for most people, based on how most people see the field progressing. Most of the population will stop owning cars - you'll call them when you need them and they'll take you where you're going. The 20-22 hours a day when your car is not being used? That's a model that makes very little sense when vehicle sharing can happen without a driver.
For it to work, the shared cars have to be close enough to the users that they can summon a car with near 100% success with just a few minutes of waiting. Someone out in the sticks would have to schedule a trip to the grocery store 2 hours ahead of time to reserve a slot. Impromptu trips would be impossible. That model only works in cities and dense suburbs. I just don't see it making sense keeping stocks of shared cars in low density areas.
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If it was unclear (probably was), I was referring to laws that would mandate self-driving, effectively making it illegal to drive manually.
Completely unnecessary. Once 99.9% of the cars on the road are autonomous, no one will care about the occasional person driving a non-autonomous classic from the 2010's. The few hundred accidents a year involving non-autonomous classics won't register on anyone's radar.