Ride Hailing And Car Sharing Could Reduce Auto Sales By 436 Million Units

Car sharing or ride hailing is set to become a huge industry during the next two decades.

Disruption has become the investors’ worst enemy over the past few years. Thanks to advances in technology, disruptive technologies are now gaining traction faster than ever, and venture capitalists are throwing money at start-ups, which is only accelerating the trend. Almost no industry is immune from disruption and the bottomless pockets of seed investors. The auto industry, which has been historically dominated by just a few players thanks to the industry’s high barriers to entry, is an excellent example of how technology is breaking down barriers to increase competition, innovation, and variety for consumers.

According to a new research report from Bank of America...