Economic Development News & Insight


Has the U.S. passed peak car?

Jordan Weissmann / June 24, 2013 /

Tags: , , ,

Jordan Weissmann from The Atlantic writes about how Americans have decreased their car usage even before the recession.  They are less likely to drive longer, get their license, and they have even bought less vehicles.  A new report form Michigan University’s Transportation Research Institute showed that there was a decrease in the number of cars per household and cars per person.  Due to societal changes, it looks like there will be a more permanent shift in car usage, which may turn out to be a long-term trend with cultural and demographic roots.

Read Full Article

Comments are closed.