Sustainable Transport Saves New Yorkers $19 Billion Per Year

A new report from CEOs for Cities shows that New Yorkers save a lot of moola on their transportation costs because of their city's walkability and transit options.

Noah Kazis writes, "The $19 billion number is a quick, conservative estimate that almost surely understates the savings New Yorkers reap by not driving. The study estimates that, per capita, New Yorkers drive nine miles per day. It then multiplies that figure by the national average cost of operating a vehicle, 40 cents per mile. Compare that total -- how much New Yorkers spend on driving, per capita -- to the national average, and you get $19 billion in savings."

Thanks to Noah Kazis

Full Story: Sustainable Transport Saves New Yorkers $19 Billion Per Year

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