In Some Cities, It's Cheaper to Just Take an Uber Than Own a Car, Data Show
The number of drivers ditching their own cars in favor of ride-hailing services is expected to grow.
Uber's pricing has inspired some to sell their personal cars and rely solely on the ride-sharing app, according to Reuters.
“My mom didn’t think I could do it,” said Wally Nowinski, a New York resident who gave up his car in exchange of taking Ubers and riding a bike, to Reuters. “She thought I would buy a car in six months.”
According to Reuter’s reporting, Nowinski’s car budget dropped from $820 per month to $250.
Mary Meeker put together a chart to illustrate that in New York, the average weekly commute cost for someone with a personal car is $218, while those that took UberX or POOL spent an average of $142 on transportation by car.
In Chicago, the average weekly commute cost with a personal car is $116 while the cost of using ride-hailing apps averaged $77 a week.
In Washington D.C., taking UberX or POOL averages $96 while the commute cost of taking a personal car is $130.
In Los Angeles, commute costs with a personal car averaged $89 and with Uber they average $62.