People tend to drive less during recessions, since fewer people are working (and commuting), and most are looking for ways to save money. But Phineas Baxandall, an author of the report and senior analyst for U.S. Pirg, said the changes preceded the recent recession and appeared to be part of a structural shift that is largely rooted in changing demographics, especially the rise of so-called millennials — today's teenagers and twentysomethings. "Millennials aren't driving cars," he said.
"What most intrigues me is that rates of car ownership per household and per person started to come down two to three years before the downturn," said Michael Sivak, who studies the trend and who is a research professor at the University of Michigan's Transportation Research Institute. "I think that means something more fundamental is going on."
Young people are taking advantage of car-sharing services so they don't face the expense and bother of car ownership.
>> Anyone who predicts that car sharing will have a big impact shouyld perhaps also wonder about purging superfluous data.
Good insight. I always tell people that want 100GB of HDD in their laptops that traditionally before they get to 50GB, the laptop is dead. The whole notion that we need more space to hoard junks is mind blowing. Who really has the time to check emails he sent 10 years ago. Sure, you can be looking for an address but those do not happen always.
>> It my work in US, Europe, other places, but self-Driven car sounds like a dream to me living in India
It is not for places like India and most parts of the world including U.S. There are many US roads that will not work. I know they are doing this in California area. I am not sure it has any chance in Pittsburgh with all the potholes and narrow roads
Things happen - nothing changes the behavior of man than the economics of money. If that is the norm, someone will come up with a financing model for these cars. All I am asking government to stay away with subsidies and allow market forces work.
The funny thing about these predictions is that they always involve creating alarm about what "the other guy" is doing.
In the days when record were paper, no one (well, except a few head cases) kept every scrap of paper he received or wrote. These days, electronic garbage simply accumulates. People don't ever go through their files to toss out the junk.
Cisco, Google, and others, might want to consider investigating trash collection algorithms. That, plus perhaps rethinking this idea that more and more data, or more and more connected devices, are somehow examples of virtuous pursuits that must never be throttled back. Anyone who predicts that car sharing will have a big impact shouyld perhaps also wonder about purging superfluous data.