Robotaxis will lead to drop in use of private cars

Data: McKinsey Center for Future Mobility; Chart: Axios Visuals

Privately owned vehicles will make up a smaller and smaller share of global transportation as autonomous vehicles become more feasible and cities fight overcrowding, according to new research by the McKinsey Center for Future Mobility.

By the numbers: Private cars will account for 29% of transportation in 2035, down from 45% in 2022, according to new estimates by McKinsey provided to Axios.