The global vehicle market is facing a substantial upheaval between now and 2050. Automotive industry technology development is leading to a new generation of vehicles that are capable of taking over much (and ultimately all) of the driving responsibility. At the same time, electric drive technology is becoming more efficient and affordable. Moreover, governments are increasingly pushing for reductions in emissions, and the long-term trend of people moving to live in ever growing urban areas is forcing cities to regulate private car usage. Layered over all of this is the macro trend of 24/7 connectivity. The development of carsharing and ride-hailing services is at the core of a trend toward mobility on-demand and away from individual vehicle ownership. This is not something that will happen overnight, but it is where the combination of factors described above is driving the growth of the global vehicle market. In the future, the business model of vehicle OEMs delivering products to individual consumers will gradually decline in popularity as mobility services expand. This Navigant Research white paper takes a high-level look at the long-term evolution of individual transportation based on an assessment of four key trends?vehicle connectivity, vehicle autonomy, on-demand mobility, and vehicle electrification?and factors such as the progress of urbanization. Because the timeframe of 2025-2050 is so far in the future, it is not practical to offer global market forecasts for annual sales. Rather, the paper considers how the transformation of individual mobility will affect the overall vehicle market, as well as vehicle manufacturers and other key stakeholders involved in automotive industry technology development.