If only people had better alternatives to car ownership, such as reliable, fast public transport, e-bikes, nearby shops, working from home etc… I would bet that

If only people had better alternatives to car ownership, such as reliable, fast public transport, e-bikes, nearby shops, working from home etc… I would bet that car ownership would not be necessary for 80% of the current car-owners population. And maybe depreciation would not be that of a concern?