G.M. Invests $500M in Lyft

Re:G.M. Invests $500M in Lyft by JumpCrisscross on Monday January 04, 2016 @02:23PM (#10837821)

I should have said Manhattan. 23% is "scarce" in that, on the island, there are relatively few gas stations, parking is expensive, and getting your car serviced reasonably encumbering. It's also a four-fold reduction from the U.S. average.

How much cheaper would a driverless Lyft or taxi be? 50%? How many more people would forego driving, in Manhattan, if ridesharing were half as expensive as it is today? If half do we're at 11.5% car ownership, a 7-fold reduction from the present-day U.S. average. If 2/3 do, we get to 10-fold.

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Re:G.M. Invests $500M in Lyft by wadenick on Monday January 04, 2016 @02:30PM (#10837886)

Yes, I agree with your premise here. Personal anecdote, I lived in San Francisco in the city 8 years. It was by far more economical for me to have both Zipcar and taxis (later UberX and Lyft) combined per month than to have a vehicle lease + parking costs + insurance/maintenance/gas. By far. In both $ and time.

I'm not certain that other elements of your vision work in non-metro areas.

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Re:G.M. Invests $500M in Lyft by prawn on Monday January 04, 2016 @07:45PM (#10840088)

What percentage of people live in metro areas though?

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Re:G.M. Invests $500M in Lyft by JumpCrisscross on Tuesday January 05, 2016 @12:02AM (#10841322)

In 2010, 80.7% of Americans live in an areas with an overall population density of 2,534 people per square mile [1].

[1] http://www.reuters.com/article/usa-cities-population-idUSL2E...

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