Our cars sit motionless for 95% of the time, often taking up scarce parking spaces in our cities.
In the future we will look back and wonder how we ever put up with such inefficiency. Technological developments, including driverless cars and the sharing economy, will help us create a world where vehicles are much better utilised and there is far less need for anyone to own a car.
Why buy your own car, suffer the depreciation, and pay for maintenance, insurance and parking when you will only use the car 5% of the time? Technology has enabled cheaper, more efficient alternatives. Uber is perfect for short journeys. And convenient app-based rental services, like Zipcar, provide a solution when a car or van is needed for a particular purpose, like a house-move or a trip to the beach.