Personal vehicle ownership in urban centres will all but end by the year 2025, according to John Zimmer, co-founder of online ride-sharing and transportation network company Lyft.

According to Zimmer’s predictions, the majority of ride-sharing services will employ self-driving fully autonomous cars by 2021, thus eliminating thousands of jobs currently held by full- and part-time ride-sharing service drivers while reducing customers’ costs.

Lyft has partnered with General Motors to develop autonomous vehicle technology, and thus has a vested interest in the launch of fully autonomous vehicles.

“We see car ownership as a burden that is costing the average [driver] $9,000 every year,” said Zimmer. “Owning a car means monthly car payments, searching for parking, buying fuel, dealing with repairs.”

“Ridesharing has already begun to empower many people to live without owning a car […] Once autonomous networks provide better service at a lower cost, our country will pass a tipping point. And by 2025, owning a car will go the way of the DVD.”

Zimmer says that until then, for about the next five to 10 years, motorists will, whether they like it or not, become part of a “hybrid network” of driver-operated and driverless cars.

Due to safety concerns, Zimmer says Lyft’s autonomous ride-sharing cars will initially be limited to a top speed of 40 km/h.

(Lyft via CarScoops)