Young City Dwellers Ditch Car Ownership as Costs Rise, Embrace Rentals and Public Transit
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Young professionals in cities are ditching car ownership as costs soar, opting for rental and subscription models instead.
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Petrol, insurance, and car prices have all jumped, making ownership financially challenging.
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Millennials and Gen Z have less attachment to ownership and are using alternatives like public transport.
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Widespread self-driving electric cars could enable cheap, convenient transport without ownership.
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Car ownership will likely become a "legacy market" as alternatives become cheaper and more efficient.