"The Golden Age of Motoring is Over"
Only 35% of British youth age 17-20 have a driver's license, down 13% from the previous year. Road traffic figures for cars and taxis has fallen continuously since 2007.
One theory for this is that a generation raised with cloud computing and disposable cell phones have less of their status wrapped up in their car. Car sharing programs make sense to these "digital natives":
"They don't care about owning things. Possession is a burden, and a car is a big investment for most people – not just the vehicle, but the permits, the parking space," says Stefan Liske, a German entrepreneur (as interviewed by Alex Rayner).