After over 100 years of slow technological evolution, the automobile is on course to change radically. From electric propulsion to self-driving cars, the technology we now have in cars is undergoing a drastic overhaul. At the same time, the demand for personal car ownership is giving way to ride sharing and on-demand mobility. Note to Readers: References to specific securities are presented to illustrate the application of our investment philosophy only and are not to be considered recommendations by AllianceBernstein. The views expressed herein may change at any time after the date of this publication. This information does not constitute as investment advice. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any security, financial instrument, product or service sponsored by AllianceBernstein or its affiliates.