To find the answer, LendEDU conducted a poll of car-owning millennials (in which the company asked them a series of questions related to their car habits. On the subject of the cars of the future, the study asked: “If possible, would you give up manually driving a car if it meant that you could have a self-driving car?” Around 57% of car-owning millennials said they could not give up manually driving a car, while 42.51% said they would. The results of this particular question were a lot tighter than anticipated and demonstrate the openness many millennials have towards self-driving cars, an openness that is not as prevalent with older American consumers.
Also of note is the popularity of ride-sharing services, which the survey states that growing market “may be having a moderate influence on the car industry.”
When asked if the growth in ride-sharing services like Uber have made our respondents re-think car ownership, 16.57% of car-owning millennials said “yes.” Although the clear minority, 16.57% of millennials re-thinking car-ownership due to the rise of Uber and Lyft is a cohort that did not exist just a few years ago and is nothing to scoff at.
When it came to “green” or hybrid cars, more car-owning millennials were in favour of purchasing an environmentally-friendly car. The simple majority of respondents, 50.10%, said they would prefer owning a “green” or hybrid car over a traditional car, while 49.90% would opt for a traditional car. Similar to the question pertaining to self-driving cars, millennials are clearly much more prepared for the cars of the future.