Londoners "hostage to car ownership"

Tuesday, February 2, 2016

 

Londoners only use their cars for less than an hour a day according to research.

A study from urban mobility app provider Ubeeqo found that 59% of London drivers only use their car for between one and seven hours a week while one-in-five only drive between 25 and 50 miles a week – seven miles a day. 

Over a quarter (28%) of London drivers spent between £5,000 and £10,000 on their current car while 32% spent between £10,000 and £20,000. 

In addition, 35% spend £300-500 per year on car insurance while the research also found that one-in-10 pay to park their car. 

"Londoners seem to be hostage to car ownership," said Benoit Chatelier, founder and CEO of Ubeeqo. "Our research highlights the disproportionate cost when taking into account how infrequently they drive. On average, Londoners' cars are used for just 4% of the time, the remainder of the time being parked outside their homes, or even worse, in a paid for bay or garage.”

 

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