The founders of Uber and Lyft, among others, declared that people would no longer need to own cars. Instead, car ownership is rising.
Throw your driver’s license out the window. Better yet, don’t get one at all.
For nearly a decade, that’s been the message from buzzy transportation companies. In 2011, car-sharing company Zipcar touted a study claiming millennials believe car ownership is difficult. The same year, Zimride, founded by the guys who would later cofound Lyft, was touted as a startup challenging the “old model of individual ownership.” Former Uber head Travis Kalanick boasted that his driver’s license had expired and that his 1999 BMW M3 convertible—his only car—had a broken alternator.