The high cost of private vehicle ownership affects everyone
Shared mobility offers a promising solution to reduce the burdensome costs of private vehicle ownership, as revealed by a study from Harvard Kennedy School. With Massachusetts residents collectively shouldering a staggering $64.1 billion annually, public expenses account for 55%, equating to $14,000 per family, even if they don’t own a private vehicle. These substantial financial and societal costs encompass road infrastructure maintenance, vehicle-related accidents, and lost productivity in traffic. Given that Massachusetts boasts 4.5 million private vehicles, a transition to shared mobility could replace up to 10 private cars, alleviating the economic strain on families and communities alike.
