It is worth mentioning that sci-fi movies and the likes might depict the future in a manner that is slightly far-fetched, if we may say so. Instead of seeing flying cars in the near future, we might instead simply forfeit the use of personal vehicles, among other things.
As can be seen on Review Brokers, the ride-sharing industry is currently experiencing quite significant growth, and this is not only due to the pandemic. In fact, this particular sector is the one that might drive the future of the automobile industry.
The Downsides of a Personal Vehicle
Cities get more and more crowded every year. As such, people start to despise the fact that they own a personal vehicle that they pay taxes for – alongside the monthly fuel expenses. In fact, most of them prefer public transportation or even walking – everything but traffic!
Even medium-sized cities around the world have issues in this regard. A 15-20 minute ride in the car becomes a 40-50 minute waiting marathon during peak traffic hours. In comparison to that, the metro takes less than 15 minutes, over the same distance, even during peak hours.
Is Public Transportation the Key?
Even though public transportation seems to be the main choice for crowded cities, it is still not the key. The main issue, at the moment, is the pandemic. Even if public transportation was recommended, people wouldn’t be able to practice social distancing.
On top of that, the infrastructure of most countries, especially European ones, is not developed enough to be able to endure intense daily human traffic.
The Costs of Having a Car
Electric cars are the future, for both drivers and for the sustainability of our planet. The main issue is that they’re quite expensive, at the moment. At the same time, the taxes on regular and older vehicles are only getting higher.
It is expected that, in the near future, the number of lower-class people will increase – these will be the same people that won’t be able to afford to buy electric cars. As such, there will be a shift between what lower to middle-class people are using for transportation versus what high-class people are using.
Universal Ridesharing
It is believed that companies such as Uber and the likes might evolve to employ entire fleets of electric, self-driving cars that people would then rent for their needs. This implies that the common folk will no longer feel the need to buy a car at all.
As such, while having a car will be a luxury, using one even on a daily basis via ridesharing or car-borrowing services will be a common occurrence.
The Bottom Line
Naturally, the future won’t be a bad one, not even for the automobile industry – even if the majority of the population won’t have enough money to secure themselves a vehicle. Of course, the issue won’t be money – the issue will be whether it is realistic to invest in an electric car of the future or better to rely on ridesharing services.
As it can be seen on Forex Broker Listing and with the majority of brokers out there, ridesharing companies are experiencing nothing but growth over the past couple of years. This is a sure sign for the future of universal ridesharing.