• 0 Posts
  • 7 Comments
Joined 1 year ago
cake
Cake day: October 19th, 2023

help-circle


  • scrappydoo@lemmy.worldtoTechnology@lemmy.worldGen Z is choosing not to drive
    link
    fedilink
    English
    arrow-up
    21
    arrow-down
    2
    ·
    edit-2
    10 months ago

    Try living in Singapore, where it now costs SGD146,000 (USD106,000) just to have the right to own a car for ten years (a Certificate of Entitlement).

    To be clear, that fee doesn’t actually buy you a car, it’s simply the cost of being allowed to own a car. For ten whole years, then you need to buy another one.

    “A new standard Toyota Camry Hybrid costs around S$250,000 [~USD186,500] in Singapore, which includes the cost of a COE and taxes. That is about six times more expensive than in the US.”

    It’s certainly one way to encourage the public to use mass transit (which is pretty good, luckily!).

    Source: https://www.bbc.com/news/business-67014420