Less Gen Z Americans own a driver's license than previous generations, according to consulting firm McKinsey.

Gen Z is choosing not to drive::Less Gen Z Americans own a driver’s license than previous generations, according to consulting firm McKinsey.

  • scrappydoo@lemmy.worldEnglish
    91·
    6 months ago

    Try living in Singapore, where it now costs SGD146,000 (USD106,000) just to have the right to own a car for ten years (a Certificate of Entitlement).

    To be clear, that fee doesn’t actually buy you a car, it’s simply the cost of being allowed to own a car. For ten whole years, then you need to buy another one.

    “A new standard Toyota Camry Hybrid costs around S$250,000 [~USD186,500] in Singapore, which includes the cost of a COE and taxes. That is about six times more expensive than in the US.”

    It’s certainly one way to encourage the public to use mass transit (which is pretty good, luckily!).

    Source: https://www.bbc.com/news/business-67014420

    • erwan@lemmy.mlEnglish
      1·
      6 months ago

      Singapour is also a country reduced to a city, so that certainly makes transportation easier. The US is on the opposite of the spectrum.