For young professionals living in cities like London, owning a car no longer makes sense. Melissa Lawford – telegraph.co.uk
“It is getting harder to own and to run a car” says Andrew Smith, CEO, Sixt vehicle rentals thinks driving will fundamentally change with vehicles being shared. A 1/3 of motorists now drive less to cut costs, using months-long subscriptions rather than leasing.
Annual distances driven fell 13% from 2002 to 2019; with distances 40% less in 2021 than 2002 mainly by 40––69 year olds.
EV’s lifetimes are expected to be a million miles––5X that of today’s cars––but “useless if you own a car” says James Arbib, co-founder of think tank, RethinkX. Average person travelled 2,229 miles by car in 2021 so a owners will not benefit from car’s longer lifespan, but they will still pay for it, and driving will be fleet-model”
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