WEF: Soon Nobody Will Own a Car (and you’ll be happy…)

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The roll-out of self-driving vehicles within the next decade could spell the end of car ownership, according to Uber founder and CEO Travis Kalanick.

Uber, Google and Apple are among the many companies working on the development of self-driving cars, and Kalanick believes it won’t be long before autonomous vehicles begin to go mainstream. When this happens, the CEO says, mass car ownership will quickly become a thing of the past.

And ride-sharing companies like Uber, which is testing driverless vehicles in Pittsburgh, could help to speed up the decline in car ownership.

“If there was a mobility service that’s cheaper than owning a car, more reliable, and you get to sit in the back seat instead of being stressed out in the front seat, why would you own a car?” Kalanick asked.

“You might own a car like maybe some people own a horse. You know, they might take a ride on the weekends or something,” he said at the Forum’s Annual Meeting of the New Champions in Tianjin, China.

World Economic Forum here. It’s Malthusian, sneering approach to the little people and its adoration of the billionaire elites is palpable here. We can’t even be trusted with cars.