Few Aussies will own cars in 2050 predicts new study

The headlines shouted that by 2050 few of us will own a car but David Brown reports that this is part of some broader issues.

LEK consulting have produced a report that says most of us won’t own a car by 2050.

Young people today who will be at or near retirement by then and they are much more open to alternatives but some people may still want to own a car as a battery storage unit or as a quiet place to escape to as well as to travel.

The point that LEK wanted to emphasis is that there could be $62 billion in business around the alternatives.

I met the young CEO of Jet Charge who produce charging systems for electric cars but also systems on how to incorporate that car with a big battery into your everyday life.

 

About David Brown 607 Articles
David’s boyhood passion for motor cars did not immediately lead to a professional role in the motor industry. A qualified Civil Engineer he specialised in traffic engineering and transport planning. What followed were various positions including being seconded to a government think-tank for the planning of transport firstly in Sydney and then for the whole of NSW. After working with the NRMA and as a consultant he moved to being an independent writer and commentator on the broader areas of transport and the more specific areas of the cars we drive. His half hour motoring program “Overdrive” has been described as an “informed, humorous and irreverent look at motoring and transport from Australia and overseas”. It is heard on 22 stations across Australia. He does weekly interviews with several ABC radio stations and is also heard on commercial radio in Sydney. David has written for metropolitan and regional newspapers and has presented regular segments on metropolitan and regional television stations. David is also a contributor for AnyAuto