Vehicle owners in the U.K. underestimate the cost of driving by 50% but 80% are not willing to give up their cars.
"Drivers significantly underestimate the cost of motoring, says a report today. Increases in petrol prices and higher depreciation pushed up the cost of running an average car by nearly three per cent to £102.59 a week in the final four months of last year. Motoring accounts for 25 per cent of the average income, second only to housing costs. Drivers, of whom there are 24 million in Britain, underestimated the costs of motoring by more than 50 per cent, estimating expenditure at just over £2,100 a year compared with the average £5,335."
Thanks to Richard Layman
FULL STORY: Motorists can't kick increasingly expensive habit
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City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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