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I live in Hong Kong. In a city this small and dense (and where a residential parking space can cost several hundreds of thousands of dollars), 500,000 private v
by culturestate 8y ago
I live in Hong Kong. In a city this small and dense (and where a residential parking space can cost several hundreds of thousands of dollars), 500,000 private vehicles is a huge number.
- cozzyd 8y agoActually I misread https://en.wikipedia.org/wiki/Transport_in_Hong_Kong#Private_cars https://en.wikipedia.org/wiki/Transport_in_Hong_Kong#Private... and that's the number of licensed vehicles. Maybe a substantial portion are taxis/delivery trucks/etc.
- dx034 8y agoBut only one car per 14 people. I don't have the numbers for the US but I'd guess it's somewhere closer to one car per 2-3 people. Advances in public transport and ridesharing could lower demand for cars significantly. Sure, families and many others will still want to have cars but even if demand just decreases by 10-20% that's a huge number and could kill 1-2 car manufacturers.