With cars capable of ‘appearing’ when needed, it’s likely that fewer people will own cars in the way we understand it today.
Alistair Stead, Chief Technology Officer (CTO) at Oodle Finance, says, ‘I think there is going to be a new age of the car industry. We’re going to see a shift in the way people think about cars. People will share autonomous cars, or just use a car for ferrying the kids around, rather than spending time driving.’
Today’s world of car finance, with Personal Car Plan loans seeing people ‘pay to drive’ rather than ‘pay to own’, may just be a taster of the flexible future, Stead believes.