Are we ready for the end of individual car ownership?

A historic photo taken on Easter Sunday, 1900, shows a street filled with horse-drawn carriages. If you look very carefully, you can pick out a solitary automobile. A photo of Easter 1913 shows the same New York Fifth Avenue scene packed with cars. If you look very carefully, you can pick out a solitary horse.

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Sarah Golden
The $5,600 Reason Car-Sharing Will Take Over the World

In the future, cars will be owned by businesses, enthusiasts and the mega-rich. It may sound like the start of a sci-fi thriller, but a new report claims that by 2031, calling an autonomous electric vehicle from an Uber-styled service will be far cheaper than paying money to own and maintain a car. This will have a knock-on effect that will end car ownership as we know it.

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Sarah Golden