Today, Explained cover image

How car ownership got so expensive

Today, Explained

00:00

The Rising Costs of Car Ownership

This chapter examines the striking increase in car ownership expenses, particularly the average new vehicle price reaching $48,000. It discusses factors influencing these costs, including changes in fuel economy standards, a shift towards luxury models, and rising auto insurance rates.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app