Could Uber & Lyft Lead To A Decline In Car Ownership?

Could Uber & Lyft Lead To A Decline In Car Ownership?

The world is changing, and this are certainly not what they used to be. The way we travel, communicate and more has evolved thanks to technology. Today some interesting news has hit the interwebs as a new study suggests that Uber and Lyft could lead to a decline in personal car ownership. This information comes from the University of Michigan Transportation Research Institute, Texas A&M Transportation Institute, and Columbia University who put together a study regarding the subject.

They found that 41 percent of those surveyed turned to their own car in favor of services such as Uber and Lyft. Robert Hampshire, a professor at UMTRI and author of the study, stated: “Our findings show that these ride-sourcing companies do change behaviors.” He went on to add “While this study is not generalizable to the entire city of Austin, or to other cities, it provides crucial insights that are relevant to policymakers.” Exciting news, which Uber CEO Travis Kalanick echoed last year. Lyft’s president John Zimmer has also predicted that personal car ownership in major cities will be extinct by 2025. Learn more about the study at The Verge right now. Stay tuned for more from the world of tech coming soon.

Photo provided by Uber

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