Thursday, April 26, 2018

Autonomous fleets will make Uber and Lyft cheaper than owning a car by 2027


Owning a car will be more expensive than relying exclusively on ride-share apps for transportation by 2027. At least, according to a study released earlier this month. The impact: The study, conducted by Quote Wizards, focused on Seattle and Denver, two cities which already embrace ride-sharing. It also assumes that driverless car technology will quickly mature and become status quo. By the numbers: It might be hard to wrap your head around it, but the math adds up. Based on current trends, Quote Wizards predicts that the cost of operating a sedan in 2027 will be $7,598 versus $8,469 last…

This story continues at The Next Web

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