the Online Ride drivers make the very common mistake of acting as though the depreciation on their car costs them nothing because they have already bought the car. In talking to drivers, I have found that most do not account for the true cost of operating their car (around 50 cents/mile or about $20/hour) and rather mostly look at the cost of gasoline. They figure their income by just taking what they are paid and deducting very immediate costs like fuel. They are making an error, and this allows the companies to get drivers for less than the real cost. Robocars, of course, won’t have this issue.
Attacks on the online ride industry will continue. The official reason for slowing it down will be a reasonable sounding one such as safety
As a postscript, I should note that Uber has also gotten into deserved trouble because of very bad privacy practices and abuses, and disturbing attitudes by management about the press, their opponents and even women. These issues are unrelated to the real question, and Uber deserves trouble for them. Though it’s enemies will seize on its real mistakes in other fields to fight their battle.
The battle against inertia.