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KPCB INTERNET TRENDS 2016 | 2016 Internet Trends Report

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KPCB INTERNET TRENDS 2016 | PAGE
153
Car Ownership Costs (Money + Time) = High
Source: Ownership costs per AAA (4/16); Vehicle fees include license, taxes and registration. Commuting times per U.S. Census Bureau (2013) and include all transport options apart from walking and
biking. Average USA work week per OECD Employment Outlook (7/15). Urban auto commuting delays per Texas A&M Transportation Institute / INRIX 2015 Mobility Scorecard (8/15); delays defined as
extra time spent during the year traveling at congested rather than free-flow speeds by private vehicle drivers / passengers for 471 US urban areas. Driver’s license rates per University of Michigan
Transportation Research Institute / Federal Highway Administration (1/16). Car sharing statistics per Goldman Sachs Research (5/15). Millennial expectations per AutoTrader 2016 Cartech Impact Study
(9/15, n=1,012).
Car Ownership Costs = High
$8,558 / Year, USA = Depreciation @ 44% / Fuel @ 15% / Finance + Fees @ 14% /
Insurance @ 14% / Maintenance + Repair @ 9%
Commuting Time = Significant
4.3 Hours per Week per Worker, Average (13% of Work Week, USA)
Urban Auto Commuting Delays = Rising
42 Hours / Year / Urban Worker, USA (+2x in 30 Years), Equivalent to ~1.2 Extra Work Weeks / Year
Millennials = Driving Differently
Drivers License Usage Declining (Age 16-44) = @ 77% vs. 92% (1982, USA)
Millennial Willingness to Car Share = @ ~50% (Asia-Pacific) / @ ~20% (North America)
46% of Millennials Expect Vehicle Technology to do Everything a Smartphone Can...

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