People have been saying self driving cars are just around the corner for a decade or so now.
I do believe the future you outline will happen but IMO the timeline is very far from clear. Significant challenges remain for self driving cars.
We're quite a ways off from full self driving cars and it's not clear that we'll ever get there. By that I mean you can drive anywhere you want while taking a nap. Car companies will still be working on improving limited self driving / enhanced cruise control for the foreseeable future which leaves plenty of room for differentiation.
It's already like this for ICE cars in the UK. So many people buy them on PCP deals and upgrade them every 3 to 4 years. It's pretty much a meme at this point about a certain kind of person:
I think people are not yet ready to accept the exact same thing is about to happen to cars. Some company will have a perfectly usable electric self-driving vehicle and will produce tens of millions of them a year. They will be an appliance, like your toaster, and nobody will care anymore.
I'm sure it will happen to other things in our lives too.