In the News
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.
A new report predicts that we’re on the edge of an incredibly rapid transition to an entirely new transportation system–where it will be so much cheaper and easier to not own a car, you’ll get rid of it as soon as you can.
By 2030, nearly no one in the US may own a personal car. Instead, most Americans would hail self-driving, electric ride-shares to get around.
That's one prediction by analysts in a new report that examines technology and personal car ownership.
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.