Study Says Uber & Lyft Could Lead to Drop in Car Ownership

A new study suggests that Uber and Lyft may lead to drops in personal car ownership. Compiled by the University of Michigan Transportation Research Institute, Texas A&M Transportation Institute, and Columbia University, the study (focused on Austin, Texas), found that 41 percent of those surveyed turned to their own car to fill the void left by ride-hail services like Uber and Lyft, which were pulled last year due to a local ordinance. "Our findings show that these ride-sourcing companies do cha...