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Only 20 percent of Americans will own cars by 2030, according to a new study

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Own a personal car? Well, you might be in the minority here pretty soon. 

A new study finds that by 2030, very few people in the United States will own a personal car. Rather, many Americans will hail self-driving, electric ride-share cars to travel, Business Insider reported

Tony Seba, a Stanford professor, and James Arbib, a philanthropist and tech investor, released the study. They say that public transportation in the future will take the form of a fleet of community-shared electric cars. 

If their prediction comes true, it will have widespread implications for the U.S. system of transportation. 

The number of vehicles on American roads will drop from 247 million in 2020 to 44 million in 2030. 

Also, using ride-shares could be four to 10 times cheaper than purchasing a new car by 2021. 

Inside Uber's Self-Driving Car | WIRED

WATCH | Here's a look inside Uber's self-driving car.

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