The American Public Transportation Association (APTA) has released a new report demonstrating that public transit users can save over 13,000 USD annually compared to owning and operating a private car.
This saving, equating to around 1,100 USD a month, is due to significant increases in costs for cars and gasoline.
APTA’s Fare Database indicates that monthly public transit fare prices have not increased since 2020, while prices for new and used cars have increased by 30 percent and 40 percent respectively since the pandemic. This is due to supply chain challenges and inflation. In addition, the recent US auto manufacturer strikes are expected to worsen the situation.
Meanwhile, financing costs have increased significantly due to interest rate hikes, and gasoline prices have spiked due to constricted supply and added demand. In 2023, gasoline prices rose by 25 percent due to oil supply constraints, China’s economic rebound and the Ukraine war. As of 18 September 2023, prices stood at 4 USD per gallon.
APTA is therefore encouraging individuals to use public transit to avoid some of these higher costs, while also conserving energy and reducing carbon emissions.
“As the rising cost of living continues to impact US households, public transportation offers an economical and climate-friendly alternative to reduce daily expenses. By choosing to ride public transit, individuals can significantly cut down on their monthly transportation expenses. Whether it’s commuting to work, running errands, or keeping appointments, public transit is a practical and budget-friendly choice.”
Based on a comprehensive analysis comparing the costs of commuting on public transport versus the expenses of vehicle ownership, vehicle operation, and parking costs, APTA has calculated the potential savings of using public transit in 20 US cities.
The considered factors in these calculations include the national and state average gasoline price per gallon, as reported by AAA.
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New York City Mayor Eric Adams has announced new rules requiring ride hailing vehicles to be zero-emisson or wheelchair accessible by 2030.
The American Automobile Association (AAA) forecasts that ADAS technologies could prevent 37 million crashes in the US over the next 30 years.
The City of Orlando has commenced an autonomous shuttle pilot with the Central Florida Regional Transportation Authority (LYNX) and Beep.
Archer Aviation's Midnight eVTOL aircraft has now met all FAA safety requirements to begin flight test operations.
The Michigan Department of Transportation (MDOT) has proposed a project to construct an express lane for connected and automated vehicles.
Siemens has joined the Curiosity Lab smart city project at Peachtree Corners in Georgia to support bringing 5G electrification to the US.
The California Public Utilities Commission's (CPUC) has voted in favour of Cruise and Waymo expanding robotaxi operations in San Francisco.
Waymo is officially launching its autonomous ride-hailing service in Austin, Texas following a successful trial period.
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Virgin Atlantic and Rolls-Royce have announced that the world’s first 100% SAF transatlantic flight is set to take off on 28 November.
The Department of Homeland Security is funding Analytical AI's project to build algorithms that link objects to people to enhance security.
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Waymo and Uber have announced a new multi-year strategic partnership to make the autonomous Waymo Driver available on the Uber platform.
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The US DOT and Transport Canada have announced the first cross-border EV charging corridor between the US and Canada.
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The National Association of City Transportation Officials has published a paper on infrastructure design for micromobility vehicles.
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