Market Shift in Transportation
With Uber and Lift, its making it easier to travel and cheaper then owning an actual car if you are in the right area. Even in cities that don't have the greatest public transport these programs fill in the gaps and reduce costs and make transportation easier and cheaper.
On a different note, I have seen in Oregon, since less and less people are buying gas, and more hybrids and electric cars, the roads are getting worse and now they are instituting a pay per mile program where your car is tracked and your credit card is charged per mile you drive to make up the difference.
Another thing that is on the rise is driverless cars. I think within the next 1-2 years we will see a 10-20% autonomous program for personal transportation. Uber new Autonomous driver cars will most likely destroy a predicted 10 million jobs between taxi drivers by year 2025.
The major auto industries are already predicting to make less cars for personal transportation.
What are you thoughts on pay per mile tax, as well as paying for gas in Oregon?
Will we see another crash in auto industry or will they be able to find a niche in this new modern market of less is more, and connivence and saving is more important owning a depreciating asset?