[Peakoil] Public transport and smartphones

[Alex Pollard]

http://www.zerohedge.com/news/guest-post-demise-car

contains the following excerpt:

Young People Aren't Buying Cars Because They're Buying Smart Phones Instead

Youth culture was once car culture. Teens cruised their Thunderbirds to
the local drive-in, Springsteen fantasized about racing down Thunder Road,
and Ferris Bueller staged a jailbreak from the 'burbs in a red Ferrari.
Cars were Friday night. Cars were Hollywood. Yet these days, they can't
even compete with an iPhone - or so car makers, and the people who analyze
them for a living, seem to fear. As Bloomberg reported this morning, many
in the auto industry "are concerned that financially pressed young people
who connect online instead of in person could hold down peak demand by 2
million units each year." In other words, Generation Y may be happy to
give up their wheels as long as they have the web. And in the long term,
that could mean Americans will buy just 15 million cars and trucks each
year, instead of around 17 million.

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Public transport and mobile connectivity also complement each other. You
can't use a smart phone when you are driving to work. Soon a generation of
smart phone users will demand Canberra close the coolness gap and get
itself a proper public transport system. ACT Labor is getting out of touch
with the yoof.


Alex

O4O4873828
ACT Peak Oil Inc.