Skip to content
Wealth
Cars

Rumors of the Demise of Cars Have Been Greatly Exaggerated

In the wake of the pandemic, young people who previously shunned cars are being tempted to making a purchase and hit the road.

Georgios Basdanis, with his second-hand Mini in London, on June 29.

Georgios Basdanis, with his second-hand Mini in London, on June 29.

Photographer: Hollie Adams/Bloomberg
Updated on

Cars are having a moment almost as improbable as the stunts in the “Fast and the Furious” movies that celebrate them.

Just a few years ago, obituaries were being written for the motor car — Millennials and Gen-Zers, so the argument went, were going to swerve away from car ownership as more of them moved to cities with myriad public transport options and ride hailing services like Uber. Besides, concern about the adverse impact on the environment would deter young people from making purchases.