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drl33t t1_jb5el51 wrote

Reply to comment by Lyzer_In_Space in Study reveals that although private automobiles continue to be the dominant travel mode in American cities, the share of car trips has slightly and steadily decreased since its peak in 2001. In contrast, the share of transit, non-motorized, and taxicab trips has steadily increased by giuliomagnifico

The average annual cost of new vehicle ownership is almost $10 000 a year. A small sedan is the cheapest at $7000 a year.

Yes, this average cost takes into account loan interest, depreciation, fuel, insurance, maintenance and fees.

If people knew how damn expensive car ownership was upfront, we’d probably have less cars and more public transit.

Source: https://www.aaa.com/autorepair/articles/average-annual-cost-of-new-vehicle-ownership

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