Gen Z Less Likely to Have a Driver's License Compared to Previous Generations
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Gen Z (born after 1997) is less likely to have a driver's license compared to previous generations at the same age, according to McKinsey data.
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Possible reasons include Gen Z valuing environmental sustainability, having access to public transport, and high costs of buying and owning a car.
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This trend could impact the automotive industry long-term if it continues as Gen Z ages.
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However, previous generations showed similar disinterest in driving when young, so it remains to be seen if Gen Z will eventually drive more.
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The growth of ridesharing and future self-driving cars could offset a drop in Gen Z personal car ownership.