Americans spend $10,728/year to own a car that sits parked 95% of the time. Robotaxis at $0.30/mile flip ownership to subscription — like Spotify for transport.
The Math Flip
12k miles/year at $0.30 = $3,600/year. No insurance, parking, fuel. For dense cities, ownership makes no sense. suburbs keep private AVs; cities go fleet.
What Disappears
Parking lots (40% of downtown LA), car dealerships, and personal insurance transform. Cities reclaim lanes for housing and bikes. Benjamin Wade predicts 60% fleet share in top-20 metros by 2035.