Your Current Car May Be The Last One You Buy

The Daily Beast

If you bought a car in the last few years, there’s a decent chance you won’t buy another one. In a decade—maybe less—you may subscribe to a car service the way you subscribe today to Netflix or Blue Apron.

When you need to go to Whole Foods, you send for a car on your iPhone or tell Alexa to send you one. Or you’ll order Whole Foods online, and an autonomous car will bring the groceries to you.

Americans only use their vehicles about 5 percent of the time, which is poor use of capital. When you’re not driving it, you’re parking it. And 80 percent of the trips we make are 1- and 2-person trips, so we could tailor shared-use vehicles for those kinds of trips.

Read the article at The Daily Beast.

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