ownership for a service model may actually make more sense in the long-term. James Cascio, a futurist and senior fellow at the Institute for Ethics and Emerging Technologies told Business Insider that he believes that transportation networks like Uber combined with self-driving cars will kill off the need for people to own a car in the next 25 to 30 years. He explains the transition will come as a huge culture shift in the next few decades, instead claiming that owning cars will simply be for hobbyists and not transportation purposes. "The idea of having your own personal vehicle is going away," Cascio said.
James Cascio, a futurist and senior fellow at the Institute for Ethics and Emerging Technologies told Business Insider that he believes that transportation networks like Uber combined with self-driving cars will kill off the need for people to own a car in the next 25 to 30 years. He explains the transition will come as a huge culture shift in the next few decades, instead claiming that owning cars will simply be for hobbyists and not transportation purposes. "The idea of having your own personal vehicle is going away," Cascio said.