Uber and Lyft could destroy car ownership in major cities

Reuters/Jon Herskovitz Ride-hailing giants have said for years that their services will start to kill car ownership by giving urban dwellers a cheaper and more efficient way of getting around. A recent study from theUniversity of Michigan Transportation Research Institute, Texas A&M Transportation Institute, and Columbia University supports that notion. Uber and Lyft left Austin, Texas in May 2016 after servicing the city since 2014. The ridehailing giants called it quits after voters upheld str...