Why the car is no longer the ticket to freedom

Danish automotive entrepreneur Henrik Fisker says the car is no longer our ticket to freedom. It has been overtake by the cell phone for that distinction.

“If you ask somebody, ‘Would you rather be without your car for a week or without your phone?’ 100 percent of those people would say, ‘Without the car, because I can call a car with my phone’,” the CEO of electric-car manufacturer Fisker told me.

Therefore, he says automakers have to decide whether they will be part of a “dwindling market” or accelerate their push to become mobility providers so that they can continue to play an essential role in moving people.

Fisker, however, says the car will still exist long into the future.