But just as skeptics have repeatedly underestimated the ability of the car business to adapt to climate change, there is early evidence of a potentially bigger transformation underway: the move to abandon car ownership altogether. Prud'homme estimates his total cost for car sharing at about half of what he paid every month for insurance alone. (Don Pittis/CBC)As General Motors shuts down plants in Canada and the U.S. and carmakers scramble to catch up to Tesla, many car analysts say a move away from private car ownership could be a hitch the industry hasn't foreseen, and the reasons are not just economic. DesRosiers said car ownership has never been evenly spread. The term implies people will increasingly hire their transport as needed and as appropriate rather than investing in the capital cost and upkeep of a private vehicle.

Source: CBC News May 13, 2019 08:00 UTC