<snip>
According to a study from RethinkX, an independent think tank in San Francisco, greater demand for electric cars, coupled with increased demand for ride sharing, will eventually eliminate the need for dealerships altogether.
The authors of the report — technology investor James Arbib and Stanford University economist Tony Seba — aren't the first to prognosticate the death of dealerships, but it is the speed with which they think it will happen that is notable.
They believe it will occur in the next seven years.
It's the "radically lower cost" of ride-sharing and electric vehicles that "really drives the speed and the adoption scale of this disruption we're forecasting," said Arbib.
Electric cars may be comparatively expensive right now, but Arbib and Seba believe in the long run, they will be cheaper to operate than their gas-powered equivalents.
<snip>
