There is now little doubt that young peoples' car use has reduced, but there is still a question mark over how younger people will travel as they age, according to academics writing on the peak car theory.
LTT columnist Professor Phil Goodwin and economist Kurt Van Dender have provided an overview of a series of new papers on the peak car theory. They underline that whilst economic factors are still an important influence on car travel, elasticities in demand relating to price and income are...
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