The car of the future

“The future of the car is electric, and autonomous,” said Levi Tillemann, a fellow at the New America Foundation and author of “The Great Race: The Global Quest for the Car of the Future.”

You wouldn’t own it because, why would you?

If self-driving technology takes off, it could reduce vehicle ownership rates by as much as 43%, according to a study this week from the University of Michigan’s Transportation Research Institute.

She drivers her regular car from her house outside Austin to a nearby park-and-ride, then takes public transit into the city. If she’s needs a car while at work she uses a Car2go Smart car.

“I was tired of the commute and looking for options” she said. “I’m much more relaxed when I get home now.”

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.

CNN Money