Get All Access for $5/mo

Lyft's CEO On the Future, Driverless Cars and Ridesharing At a SXSW keynote last week, Logan Green explained technology's potential impact on some new sharing economy industries.

By Jacob Hall

Opinions expressed by Entrepreneur contributors are their own.

REUTERS | Laura Buckman

Transportation's future was a hot topic at SXSW this year, with companies announcing plans for cars that flew and ones that drive themselves across the country. In his keynote, Lyft co-founder and CEO Logan Green spoke about the how technologies like those might change everything from how we travel to ridesharing itself. Here are some of his insights on the future.

Everyone will drive less…
Although driverless cars won't immediately change Lyft's current model, he acknowledges that the industry is about to undergo massive changes. "We will see the current technology rapidly improve and evolve so people have to intervene [with their driving] less and less," he said.

Lyft drivers might disappear.
Green acknowledged technology's impact on ridesharing could be massive. All Lyft drivers would lose their jobs, for instance, but they wouldn't be alone. "If you look back [150 years ago], 80% of the economy was employed in agriculture. Economies shift." He believes the change will be gradual enough for the population to adjust, with the new technology creating new jobs to replace those rendered obsolete. He says he hopes Lyft could help make the shift as positive as possible.

Related: SXSW: Self-Driving Audi to Make First Coast-to-Coast U.S. Drive

The concept of "driving' will transform
Green says he doesn't see most people will own a self-driving car, but they'll certainly ride in them. "When [cars are] fully autonomous, the majority of people will hit a button on an app and request a self-driving car to take them wherever they want to go." At the proper scale, he explains, this system could be far cheaper and more convenient that traditional car ownership.

Related: Mercedes' Self-Driving Car Says Hello to San Francisco

Cities will adjust and transform
Just as cars changed the face of cities in the 20th century, self-driving cars will change them in the 21st. He explains that Los Angeles currently dedicates 50% of its space to automobiles, with four parking spaces for every one car. With ride-sharing dominating the transportation industry, city infrastructure could rely less on parking lots and extra lanes. Says Green, "That will lead to the most radical reinventing of cities that we see in our lifetime."

Related: Apple Studies Self-Driving Car, Auto Industry Source Says

Jacob Hall is a writer living and working in Austin, Texas. He writes about movies, books, games and technology.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

The Side Hustle She Worked on in a Local Starbucks 'Went From Nothing to $1 Million.' Now It Will Make Over $30 Million This Year.

Melinda Spigel transformed a simple jewelry-making hobby into a lucrative full-time business with multimillion-dollar annual sales.

Business News

How to Overcome Imposter Syndrome and Start a Business, According to Gary Vee, a Serial Entrepreneur Worth Over $200 Million

In an exclusive interview with Entrepreneur, Gary Vaynerchuk shares how to overcome your fears when starting a business.

Business News

People Have Mixed Reactions to Apple's New iPhone 16 Lineup

Dismissive, admiring, humorous — the iPhone 16 sparked it all.

Starting a Business

5 Proven Strategies for Turning Your Knowledge into Income

This article explores practical strategies to monetize your expertise by focusing on building authority, creating digital products and leveraging content to unlock new opportunities.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.