Skip to main content

Millennials leading switch from individual car ownership to mobility services

Uber
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.

Recommended Videos

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.

Bruce Brown
Digital Trends Contributing Editor Bruce Brown is a member of the Smart Homes and Commerce teams. Bruce uses smart devices…
These new NASA EVs will drive astronauts part way to the moon (sort of)
NASA's new crew transportation electric vehicles.

Three specially designed, fully electric, environmentally friendly crew transportation vehicles for Artemis missions arrived at NASA’s Kennedy Space Center in Florida this week. The zero-emission vehicles, which will carry astronauts to Launch Complex 39B for Artemis missions, were delivered by Canoo Technologies of Torrance, California. NASA/Isaac Watson

NASA has shown off a trio of new all-electric vehicles that will shuttle the next generation of lunar astronauts to the launchpad at the Kennedy Space Center.

Read more
5 upcoming EVs I’m excited for, from luxury SUVs to budget champions
Lotus Eletre

Almost every major automaker has released an EV by now -- or plans to soon -- and makers like Ford and Kia already have a variety to choose from. But if you haven't found one that's right for you yet, hang tight. There are dozens of announced electric car models that have yet to come out, and it's clear that the future of EVs is bright.

From longer range to lower prices, the next batch of EVs gives us plenty to get excited about. Here are five upcoming EVs that we can't wait to drive.
Volvo EX30

Read more
Tesla shows off first Cybertruck after two years of delays
The first Cybertruck built at Tesla's Giga Texas facility.

The first Cybertruck built at Tesla's Giga Texas facility. Tesla

Tesla has shown off the first Cybertruck to roll off the production line at its new Gigafactory plant in Austin, Texas.

Read more