Hidden Costs of the Private Vehicle Economy

A recent study revealed the shockingly high cost of private vehicle ownership not just for drivers but for all citizens. Could Shared Mobility be the solution?





Shared Mobility


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.

Related articles

Partner Stories featuring WiBLE
Partner Stories featuring WiBLE

Discover how Kia and Repsol's WiBLE carsharing has worked with Vulog to expand their fleet and operations. Hear from Raul Viudez as he describes how Vulog's world-class solution and expertise has allowed the Madrid-based WiBLE to fulfill it's customers' evolving...

read more