The end of the driver's license: Uber exec calls car ownership 'the most inefficient asset' and says no one will need one in 15 to 20 years

Fortune · 6

Uber executive Andrew Macdonald said car ownership and driver’s licenses may become unnecessary as mobility shifts to bikes, scooters, autonomous vehicles, and public transit. He cited that U.S. vehicle prices are up 30% over the last six years and argued individually owned cars sit idle 98% of the day. Uber’s focus, the article says, is moving toward an autonomous-vehicle platform that works with partners rather than building its own self-driving fleet.