Correct, it will be very disruptive in many ways.
Why own a car? If there’s fleets of Uber type services that are crazy cheap (no driver), that are available on demand, why bother owning?
If that is the case, also consider how much revenue cities receive from parking. I won’t need to park.
Insurance companies are all for it right now, I’m not sure how long it’ll last when accident rates approach zero - especially if people don’t own the cars they use.
The Insurance companies alone will be able to lay off tens of thousands. ☺