Ride-Hailing Business Now Better Than Ever
Since Uber and Lyft have come into play, a lot of people have started utilizing these means of transportation rather than driving their own car. The automobile industry believes that personal car ownership will be plummeting in the upcoming years. Due to this belief, companies, like Sony, Bosch, and Avis, are partnering with automotive, ride-sharing companies. The percentage of personal use of cars has fallen below because it is more convenient now to use ride-sharing sources. Consumers are looking for a quick way to get from point A to point B. With parking as the biggest issue, they choose to not utilize their own vehicle, ultimately leading to the question of ownership of one. Uber, Lyft, and other means can be considered a disruptive innovation due to this. It has caused and will continue to cause a change in the automobile industry, as well as transportation industry.