How much does it really cost to own and drive a car as your primary mode of transportation? Are the costs of driving an electric car competitive with driving an internal combustion engine powered vehicle, once you factor in all the different expenses? Regardless of what you drive, the costs go far beyond just what you use in gas or electricity every day. Gas prices are grabbing the headlines in 2022, but the costs of insurance, maintenance, and licensing and registration are significant too. This video will look at the true cost of driving, and how people misunderstand those costs when they're making the decision to drive on a day-to-day basis, or decisions on housing location or vehicle replacement on a macro time scale. Other CityNerd Videos referenced: - Mexico City-Queretaro High Speed Rail Race: https://www.youtube.com/watch?v=mvO4nH6pb1M - Toronto-Montreal High Speed Rail Race: https://www.youtube.com/watch?v=gZdnl7wEE9g - Dallas-Houston High Speed Rail Race: https://www.youtube.com/watch?v=Ci4SbjBnqkk - Los Angeles-San Francisco High Speed Rail Race: https://www.youtube.com/watch?v=3Cvt8QA4SvY - Portland Bike vs Bus vs Car Race: https://www.youtube.com/watch?v=-7UcvadTgac Resources: - US Bureau of Labor Statistics Consumer Expenditure Survey https://www.bls.gov/cex/home.htm - NYC Vision Zero View https://vzv.nyc/ - Externalities of Driving graphic from https://twitter.com/jonathan_maus/status/1504925573633609731?s=11 - "Average Car Payment | Loan Statistics 2022" by Jenn Jones for Lending Tree, available at https://www.lendingtree.com/auto/debt-statistics/ - Edmunds.com depreciation infographic https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html - "Car Insurance Calculator: Estimate the Cost of Car Insurance for You" by Mandy Sleight for MoneyGeek, available at https://www.moneygeek.com/insurance/auto/car-insurance-estimate-calculator/ - "EVs Offer Big Savings Over Traditional Gas-Powered Cars" by Benjamin Preston for Consumer Reports, available at https://www.consumerreports.org/hybrids-evs/evs-offer-big-savings-over-traditional-gas-powered-cars/ - "How Much Should I Spend on a Car?" by Kat Tretina for Investopedia, available at https://www.investopedia.com/how-much-should-i-spend-on-a-car-5187853 Image Credits: - Atlanta traffic for title Video by citi-flix from Pixabay - LA traffic Video by Ronald Brown from Pixabay - Shell gas prices CC BY-SA 3.0 us, https://commons.wikimedia.org/w/index.php?curid=4129911 - Montreal traffic videos Video by German Korb: https://www.pexels.com/video/footage-of-the-high-way-with-traffic-3779621/ - Suburban sprawl By David Shankbone - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=3781585 - LA Traffic Video by RODNAE Productions: https://www.pexels.com/video/drone-footage-of-cars-on-the-road-8782866/ - Honda Dealership By Bassetts Honda - https://www.honda.wales/, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=94251688 - Jiffy Lube By Ildar Sagdejev (Specious) - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=5191464 - Elephant car wash By Joe Mabel, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=2766198 - Les Schwab Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0) https://www.flickr.com/photos/heyskinny/384355418" - Gas station Video by German Korb: https://www.pexels.com/video/eye-level-footage-of-a-gas-station-with-customer-3777657/ - Police flashers Video by Kindel Media: https://www.pexels.com/video/video-of-a-police-car-7714372/ - Thumbnail (GMC Sierra) By Kevauto - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=86894131 Music: CityNerd background: Caipirinha in Hawaii by Carmen María and Edu Espinal (YouTube music library) Twitter: @nerd4cities Instagram: @nerd4cities Contact: nerd4cities@gmail.com