Will Uber and Lyft make ‘car cutting’ the new cord cutting?

Could owning a car go the way of paying for cable television or having a home phone? If this Uber executive is any indication, the answer is a resounding yes.

During a forum for Latin American business leaders, Uber’s CEO for Latin America, George Gordon, remarked that he hasn’t owned a car in nearly a decade. “This is one of the changes this technology brings,” he said, according to a tweetTWTR, +1.17% from an attendee.

Others have made the same choice. Around 9% of people who sold or traded in a vehicle over the past year decided to forego getting a new car in favor of using services like Uber and Lyft, a poll conducted by Reuters and Ipsos found last May.

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