Drivers are abandoning their cars in unprecedented numbers, as soaring petrol and diesel costs cause thousands to reconsider driving. New research reveals that four in five motorists have reduced their travel due to high fuel prices.
Young adults lead the shift
Data shows that 86 per cent of 2,000 respondents aged 18 to 25 have altered their commuting habits because of fuel costs. Two in three of those surveyed said rising expenses have made them question whether owning a car is worthwhile. Three in four admitted they are driving less often, while a third said they are using public transport more frequently, with buses emerging as the most popular alternative.
Financial adjustments
Over 25 per cent of respondents reported spending less on takeaways, while a similar number have cut back on buying new clothes. Some have even dipped into their savings to cover fuel costs. A fifth of people say they are going out less with friends, and almost one in five rely on parents or grandparents for financial help with fuel. Additionally, 17 per cent have started asking passengers to contribute towards petrol when giving lifts, a practice that was once uncommon.
Expert comments
Debra Goodwin, Chief Commercial Officer at Stagecoach, said: "Being young right now is expensive. Between managing everyday bills and trying to save for the future, the rising cost of fuel has become a major roadblock for many 18 to 25-year-olds. Getting behind the wheel used to be the ultimate symbol of coming of age, but staggering petrol prices are changing the narrative." She added: "They're taking control of their finances and making smart choices rather than waiting for fuel prices to fall."
Dave Skepper, Commercial Director of Stagecoach East Midlands, commented: "We know that local people are feeling the impact of rising fuel costs, and for many, the cost of driving is becoming increasingly difficult to manage. Bus travel offers a simple, affordable alternative, with single fares capped at £3 and great value options for those travelling regularly, including group tickets. I would always encourage customers to compare the different options to make sure you buy the best ticket for you. With consistent pricing and a range of ways to save, it's never been easier for people to switch to bus and take control of their travel costs."
