In much of America, owning a car is the price of admission to society. Owning a car is also expensive, and drives millions of households to take on debt. Americans currently owe more for their cars than ever before, leaving millions of Americans financially vulnerable – especially in the event of an economic downturn. The rise in auto debt since the Great Recession has implications not only for consumers who take out car loans, but for the economy and transportation system as a whole.
Cities around the world are moving towards developing transportation systems with more options for residents and less dependence on cars. What can they learn from China, where dockless bike share programs have reinvigorated bicycle usage and helped more than double cycling’s share of transport miles in cities?
According to a new report from the Governors Highway Safety Association (GHSA), pedestrian deaths in the U.S. increased by 35 percent between 2008 and 2017. During the same time frame, all other traffic deaths decreased by 6 percent.
Analyst R.J. Cross spoke to Marketplace about the dangers of rising auto debt for consumers and the link to America's car-dependent transportation system.
Our report Solar Homes found that installing solar energy on all new home construction could triple U.S. solar capacity by 2045. The report was convered by CleanTechnica and cited in UtilityDive's analysis of California's new solar homes policy.