The existential crisis of peak car ownership

So many logistical and maintenance issues are glossed over here I have trouble taking this seriously. If we are at peak ownership, it is a function of lowering wages for the average auto owner, not technology. At least not yet. This just feels too similar to all the other transportation revolution vaporware. I for one, am not a fan of the analysis, finding it marred by well meaning, but ideologically flawed reasoning.