Bloomberg BusinessWeek – This is what peak car looks like [see also the movement called peak oil]: “The automobile — once both a badge of success and the most convenient conveyance between points A and B — is falling out of favor in cities around the world as ride-hailing and other new transportation options proliferate and concerns over gridlock and pollution spark a re-evaluation of privately owned wheels…peak car is a reflection that reurbanization and the widespread adoption of mobile apps that can summon a vehicle on demand will lessen the need for many of the 1.3 billion vehicles now on the road. And with new cars increasingly expensive, but mostly used just a few hours a day, the financial case for alternatives is growing stronger. “When you put all these trends together, you’re going to see a cap on personal vehicle ownership start to emerge,” says Mike Ramsey, an automotive consultant with researcher Gartner Inc. “We are near peak car.”..