Comment on Gen Z is choosing not to drive

scrappydoo@lemmy.world ⁨9⁩ ⁨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.

“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: www.bbc.com/news/business-67014420

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