Autonomous vehicles could change residential real estate, rendering the two-car garage obsolete and increasing livable square footage and home values.
Autonomous vehicle ride sharing could very well offer the same mobility as car ownership/leasing without the major capital outlay, the hassle of maintenance, insurance and depreciation or the underutilization inherent to car ownership/leasing.
“If local governments are willing to modify their existing requirements, the unused garage space could be converted to livable space in existing homes and new homes could be built with less garage space and more livable square footage. That change alone could, in turn, result in an increase in home values and a corresponding increase in property taxes.”
Read the article at Forbes.