The founders of the ride-sharing app Lyft, Logan Green and John Zimmer believe that car ownership is in permanent decline and they want to help it die.
“We believe that the world is at the beginning of a shift away from car ownership to Transportation-as-a-Service, or TaaS. Lyft is at the forefront of this massive societal change,” they told investors. “Car ownership has economically burdened consumers. US households spend more on transportation than on any expenditure other than housing. ”
Read the article at Business Insider.