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The survey found that 1/3 of people without cars planned to buy one in the next six months, and 45% of those respondents were Millennials.
Why This Matters: The 2008 financial crisis left Millennials with less income to purchase single-occupancy vehicles which coincided with their more sustainable purchasing habits relative to other generations. And now, a new crisis is forcing this generation to rethink the balance of public health, convenience, and affordability.
As public transit faces a ridership crisis, lawmakers must think quickly about how to ensure that transit can be a safe alternative while incentivizing those who insist on driving to purchase electric and hybrid vehicles.
Long-term Effects: Because of COVID fears and social distancing standards, people are opting to rely on ridesharing and public transport much less than before the pandemic. Instead, people are turning to personal cars, motorcycles, bikes, e-bikes, and scooters to meet their transportation needs. Young consumers are even pushing carmakers to offer a subscription-based car model.
This trend, if sustained, could help make vehicle emissions goals around the world more difficult to meet.
The British government banned the sale of new internal combustion engine cars in 2035, which the majority of drivers supported.
Norway has pledged to have all passenger cars, light commercial vehicles, and urban buses to be zero-emission in the next five years.
However, this shift towards car ownership may not last long — in urban areas, rising delays and congestion may force some to go back to public transportation to travel faster once the pandemic is over. Time will tell.
By Amy Lupica, ODP Daily Editor Just weeks after China’s coal ambitions brought tensions to climate talks between US Climate Envoy John Kerry and Chinese officials, President Xi Jinping pledged to end all its financing of coal-fired projects abroad and allocate more funding to green and low-carbon energy projects in developing nations. The move represents […]
By Amy Lupica, ODP Daily Editor A new report has found that since the 2015 signing of the Paris agreement, more than 75% of the world’s planned coal plant projects have been scrapped, and 44 countries have no future coal plans whatsoever. The report’s authors hope this trend will continue as the COP26 conference in […]
By Amy Lupica, ODP Daily Editor The House Ways and Means Committee has released their portion of the reconciliation for the Democrats’ $3.5 trillion spending package. The plan follows through on many promises made by the Biden administration, including clean energy tax credits and credits for electric vehicle owners. The plan, announced on the heels […]
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