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Thursday, 25 July 2019

Could ride-hailing apps and driverless cars bring an end to urban car ownership?

Could ride-hailing apps and driverless cars bring an end to urban car ownership? The rise of the phenomenon of “mobility as a service” is making access to on-demand transportation and (soon) self-driving cars all the more simplified. Some of us urban dwellers have already started to wonder, why own a car? This may now be just a random musing as it still does make some sense to own one. But down the line, the cost of a ride could be slashed significantly to as little USD 0.70 from USD 2-3 a mile as “robo-taxis” make their way into cities. Soon enough, it may not be all that financially wise to have your own car parked in a garage, says Bloomberg in a fresh take on the theme (watch, runtime: 2:25).

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