Australians are lying to themselves about the true cost of owning a car, according to new research from Australian mobility software company Loopit. It has found that a massive 85 per cent of motorists underestimate their yearly car ownership expenses by more than $5,000.
Amongst this global push for EV adoption, Australian governments are going in the opposite direction, proposing a tax on EV owners. This is despite the fact that EVs made up less than 1% (0.75%) of the total car sales volume across Australia last year. When there was an outcry to tax the 1%, I don’t imagine this is quite what they had in mind.
New research, from Australian car subscription company Loopit, has revealed a surprising link between how often Aussies upgrade their phone and attitudes towards car ownership. The first survey of its kind anywhere in the world, it found that the more frequently you buy a new phone, the more likely you are to subscribe to your next car.
New research, from Australian car subscription software company Loopit, has revealed a generational shift in how Australians are managing their money, from financial investments to car ownership. With interest rates at record lows and real estate prices soaring beyond reach, it found that more younger Australians are having to put their money to work in alternative investments like the stock market and cryptocurrencies as a means to get ahead financially.