Has the U.S. Reached Peak Car?
Small Business Labs
JANUARY 6, 2014
The study chart below shows mileage driven peaked in 2004/2005 and has declined every year since. The large cohort of aging baby boomers are driving less due to the lifestage shift to retirement. A key driver of this shift is demographic. But an even bigger driver is young people are driving less than in the past.
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