Evidence that Uber, Lyft reduce car ownership

Uber and Lyft talk a big game about the end of personal car ownership, but they’ve always lacked hard evidence to back up their claims. Now a new study has been released that lends some credibility to their futuristic predictions. The study, compiled by the University of Michigan Transportation Research Institute, Texas A&M Transportation Institute, and Columbia University, focused on Austin, Texas, where ride-hail services like Uber and Lyft pulled services last year due to a local ordinance. 41 percent turned to their own vehicle to fill the void left by Uber and Lyft The study found that 41 percent of those surveyed turned to their own vehicle to fill the void left by Uber and Lyft; 9 percent actually bought an additional car for this... Continue reading…

Evidence that Uber, Lyft reduce car ownership

In areas where Uber, Lyft and other on-demand ride services operate, consumers may buy fewer cars and even take fewer trips, according to a new study.

Fri 11 Aug 17 from Phys.org

Car ownership could decline thanks to Uber and Lyft

While it may seem logical that people will own fewer cars as ride-hailing services like Lyft and Uber gain more traction, there hasn't been a way to study any potential effect. ...

Thu 10 Aug 17 from Engadget

Consumers may buy fewer cars in areas served by Uber, Lyft: study

DETROIT (Reuters) - In areas served by Uber Technologies Inc, Lyft Inc and other ride services operate, consumers may buy fewer cars and take fewer trips, according to a new study released on ...

Thu 10 Aug 17 from Reuters Technology

  • Pages: 1

Bookmark

Bookmark and Share