Private car ownership of cars will drop 80 percent by 2030 in the U.S., as drivers increasingly turn to ride-sharing and autonomous cars to get them where they want to go, a new study suggest.
The study was authored by tech investor James Arbib and philanthropist Tony Seba, a Stanford instructor and RethinkX think tank cofounder. It predicts that the amount of passenger vehicles on the road will plummet from 247 million in 2020 to 44 million in 2030, saving American households as much as $1 trillion…