The impacts to the economy will be extraordinary:
- Little to no reason for Truck Drivers, Taxi Drivers, School Bus Drivers, etc. as occupations to exist. There are now millions of people put out of work whose life skills are now obsolete. They need to be retrained so they don't become a drag on the economy. Much more competition for lower skilled jobs during the transition. If there isn't room to make those people productive, expect the Guaranteed Minimum Income political movement to grow.
- I'm guessing things like pilots and the like aren't far behind once the public is sold on the safety.
- Shipping via ground becomes cheaper without labor, probably displaces some other forms of shipments. Local courier services probably take a hit too.
- Less people injured in auto accidents. Drunk driving and texting while driving become non-issues.
- The whole insurance industry is probably hit big, less accidents, fewer individuals with liability (The Uber model will likely become more popular). I'd expect to see other insurance premiums go up to cover some overhead costs that are now covered by auto insurance.
- More consumption of fuel (shipments shifting to ground, empty cars driving to and from places to pick people up) is likely. I'd also guess full service gas stations become more popular to service the driverless cars.
- Even if the Uber model doesn't take off, the days of a multi-car family being common are probably gone.
- Children don't have that same sense of "freedom" at 16 that the rest of us enjoyed, because they can go places by themselves as soon as their parents approve now. I suspect this age will trend down over time as parents deal with, "Aww Dad, Johnny's parents let him go to the mall alone."
- Those who are disabled or too old to drive have newfound freedom.
- Industry built around customizing automobiles and repairing automobiles that have crashed becomes a shadow of their former self. Installers, Body Shops, Car Audio, Manufacturers, etc. all take a big hit business wise, along with the people they employ.
- Dealerships are probably thinned out if the Uber model catches on.
- If the Uber model catches on, look for companies starting to capitalize on the data about your coming and going now that the data is controlled by a few companies. You'll see targeted advertising for restaurants near your work/home, for instance. Maybe your new electronic driver will offer to take you to Restaurant Y for a 20% discount when you ask to go to Restaurant X for your anniversary.
- Auto racing probably declines in popularity as it becomes less relatable.
... the impact will be huge.