The end of the driver's license: Uber exec calls car ownership 'the most inefficient asset' and says no one will need one in 15 to 20 years

Andrew Macdonald (Credit: Cole Burston/Bloomberg via Getty Images)

For generations of American teenagers, turning 16 and getting a driver’s license has been a rite of passage—and a first taste of independence. But that milestone could soon become a thing of the past, according to Andrew Macdonald, president and chief operating officer at Uber.

“In some future world, maybe not five years, but 15 or 20 years, everyone’s going to be like Harry—nobody’s going to own a car,” Macdonald said in a recent episode of the 20VC podcast with host and entrepreneur Harry Stebbings.