Skip to main content

Millennials leading switch from individual car ownership to mobility services

Uber
Image used with permission by copyright holder
After disrupting the taxi industry, ridesharing and other mobility services are beginning to disrupt the automobile and transportations industries as well. Among generations, millennials are leading the shift to mobility services, according to a new report from ReportLinker.

Ridesharing services have the greatest recognition. Other forms of mobility services exist, including ZipCar, which has been in operation since 2000. However, when consumers surveyed by ReportLinker were asked what came to mind when they heard the term “shared mobility service,” more than half (57 percent) responded with “Uber.” Uber’s brand-awareness is so successful that people named the company rather than ridesharing as a category.

Ridesharing, carsharing, and to a lesser extent bikesharing, often in conjunction with public transportation networks, are all contributing to transportation disruption. Ridesharing has the greatest disruptive role because more people have used a ridesharing service than the other mobility options. For example, 82 percent of those surveyed said they hailed a ride, but only 12 percent had used ridesharing.

Overall, Uber’s 97 percent had the highest name recognition, followed by Lyft with 75 percent, and ZipCar at 42 percent. Millennials had the strongest generational brand recognition, knowing Uber 98 percent of the time, Lyft 84 percent, and ZipCar at 49 percent.

Millenials also said that when going out for an evening with friends, they use ridesharing services 70 percent of the time. ReportLinker stated one factor in millennials’ ridesharing use is that fewer have their own cars. The survey found that while 91 percent of older generations are car owners, only 78 percent of millennials have their own wheels.

Ease of use is cited most often by ridesharing users as the top reason for using the service. Being able to open an app and summon a car to any location was favored by 68 percent of the respondents. Other top reasons included short waiting times (36 percent), overall efficiency of the experience (35 percent), and reduced cost (28 percent). The numbers add up to more than 100 percent because participants could choose more than one response.

Editors' Recommendations

Bruce Brown
Digital Trends Contributing Editor Bruce Brown is a member of the Smart Homes and Commerce teams. Bruce uses smart devices…
Tesla’s fix for faulty Cybertruck pedal is simpler than you might think
Tesla Cybertruck

Less than five months after handing over the first Cybertrucks to customers, Tesla has had to recall the electric pickup to fix an issue with the accelerator.

In a notice issued on Friday, the National Highway Traffic Safety Administration (NHTSA) said that the recall impacts Cybertruck vehicles manufactured from November 13, 2023, to April 4, 2024. This suggests that all -- or almost all -- of the 3,878 Cybertrucks being recalled are those that have been manufactured to date.

Read more
Ford Mustang Mach-E 2024 vs. Mach-E 2023: What’s new in Ford’s electric Mustang?
Blue Ford Mustang Mach-E on a rooftop

The Ford Mustang Mach-E is easily one of the best EVs for the price, offering a solid range, sleek design, and pretty good tech on the inside. In recent years, it has gotten even cheaper -- thanks in large part to a price war between it and the Tesla Model 3. And, the company just took the wraps off of the latest and greatest version of the Mach-E, labeled as the 2024 model.

The 2024 Mustang Mach-E is notably different from the 2023 iteration in some meaningful ways. So much so that we decided to take a look at the two head-to-head -- to see if it was better to pay for the 2024 model or save some cash on any remaining 2023 stock.
Design
The Mustang Mach-E looks relatively unique -- in a good way. And thankfully, Ford has largely kept the overall design the same for the 2024 model, at least when it comes to the more consumer-focused models. The car retains the slatted taillights and crossover size. It also offers a large selection of colors, including the very blue Grabber Blue Metallic, as well as Rapid Red Metallic. It's a good selection of colors, and there should be an option for most buyers.

Read more
Tesla to begin production on new, more affordable models
Tesla Model 3

With competition increasing from Chinese and other automakers, Tesla boss Elon Musk revealed on Tuesday that his company is planning to begin production of new, more affordable models in “early 2025, if not late this year.” Notably, that's earlier than the previously stated date of late 2025, though whether Musk actually succeeds in meeting the earlier production time frame is another question entirely.

The news came as Tesla released its latest quarterly figures. Revenue for the electric vehicle maker came in at $21.3 billion, down from the $23.3 billion it reported for the same three-month period a year earlier and also down from the $25.2 billion reported in the previous quarter. Profit reached $1.1 billion, marking a 55% fall compared to the same period a year ago.

Read more