Seoul — As Google’s Waymo, General Motors (GM) and others race to bring driverless vehicles to showrooms, the argument over who will buy cars in the technology era is getting louder. Hyundai, a latecomer to electrification and autonomous driving, is betting against individuals owning robot cars and preparing for a future in which the biggest buyers will be ride-sharing giants such as Uber, Lyft and GrabTaxi. The South Korean vehicle maker said in January that it invested in Singapore-based Grab, Southeast Asia’s biggest cab-hailing service. "The trend is now changing," Woongjun Jang, director of Hyundai’s advanced driver assistance system development group, told Stephen Engle in a Bloomberg TV interview on February 8. "In the past, people liked to own their cars. In the near future, I think the owner of the self-driving market will be mobility-service providers." Car ownership is here to stay Jang is the latest to weigh in on a topic fiercely contested by some industry veterans incl...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now