sending the what do you think? leave us to come in for life and don't forget to subscribe to our channel. the car repair, co. com maintenance car insurance prices rose to within the last 2 years. the new cars. this was one's part of the american dream, but now it's out of reach for many americans. because this country used cars that quintessential to the american lifestyle such on affordable for military, affording a call, the maintenance of a and t insurance office has become

a major challenge officer for many, many 1000 americans. why is that? we'll find out the american send the automobiles and america. this is a lot of have a love affair lasting more than 100 youth, especially relations, driven by the idea. unlimited mobility and freedom. right. let's talk about what cars are to america. the land of the free and home of the brave, unified in its appetite for more cause, populating an ever expanding highway and into states. we constitute the greatest country in the world. great in resources, and in the vision of all people. great an accomplishment in the past, and equally great in the problem is for the future. the modern unit,

the states of america. he won an automobile because it's the easiest way to explore this great country. this country and its economy built upon the idea of untamed growth fuel by limited mobility guarantee to everyone, and for limitless interstate come cars and trucks, all kinds in size, this available into affordable, essential for work and play part of the american lifestyle. if you look back into the early 19 hundreds, that's probably why they created the automobile, was to get through the different states and especially when the roads in the interstate network started in indiana, especially the races and rallies. indianapolis. hello, hello from indianapolis and from the indianapolis motor speedway, the trademark racing capital of the worst part of the american dna. motor sports and audition. so you might ask,

why are we in indianapolis anyway when we're talking about transportation mobility and the challenges for many americans when it comes to mobility, transportation to afford a call. the indianapolis is the so called cross roads of america and quite literally because major highways from the united states are really costs and in the last few years have been good to the us. automobile industry, common and factors have been cranking out new vehicles in greater numbers and ex, ever higher prices. certainly the profits weight. however, there are some dollars on the horizon for consumers and businesses in the world's 2nd largest automobile market. for a growing number of americans, the equation has become this. no call, no jobs, no american dream of the car repair,

call. com maintenance car insurance prices rules to within the last 2 years. why is that, and how is it all connected for you on the find out my years of all ages, income groups and of what ever social status, bleeding money, no matter if they buy a new or used things have gotten. so auto sampling, either cars for everybody or below the fall has become a struggle or almost entirely unattainable for millions. we're up to 2020 for new york ownership. staples on the us national auto show circuit. but before we go inside, let's talk about a few important numbers. in 2023, there were 292300000 vehicles registered in the us. those vehicles made for 376000000 gallons of gas use per day. that makes the us the biggest consume of

gasoline, had a sign of japan and brush on average. americans drive about about 41 miles a day to work shopping or for a doctors appointment that's more than ever before. and when americans go on vacation inside the country, 98 percent of them are doing solo, like the back of the show in the yard. we're meeting with greg morrison automotive journalist and call. and susie is, rick, is the producer of the bumper to bumper t b. there's a major cold snap across the, the tests, and the value it's new cost all brands to makes and models sprag has agreed to help us better understand a few things about what is going on in the us. automotive industry, with all the shows and with us consumers, i did not know that it was still talked to meg that for people because i thought okay, so costs are i know almost like

a luxury item. in many cases. yeah. $4050000.00. better for a spot in price. exactly. so is it, is it when people tell me to an honestly like this, is this for them the opportunity to touch their dream or is it like no, i'm in this. yeah, i'm shopping for a car which has to be useful, a economic call, you know, all of that. it has to get good gas months and they do their research here. is it the touching the candy? it's a little of everything you get a chance to touch the candy so to speak. because you see cars that, you know, there's no way in this life. i'm never going be able to afford it, but you get a chance to put your button to seats it. oh, this is nice. and while you may not by that total of scale model, you may be attracted by the brand to go to something this little more affordable. affordable. that sounds good. the problem finding a new and affordable vehicle has become nearly impossible in many cases. the same is true in the market for use. interest rates are astronomical compared to what? we're just

a few years. that average cost of the new car or that's going to substantially in the last 5 to 10 years, the average cost of a new car was about $38000.00 and it was 5 years ago. and now it's up to $45000.00 since 2020 prices for new cost $7.00 everidge increased by a whopping 31 percent increase for used costs even higher and spends at 40 percent is getting very close to the median income of households in the united states that growth in, in car price came at a time of very, very low interest rates. those used car in new car prices are enormous. and it's a much different thing if you can get 0 percent financing. there's is 07 percent financing, $545000.00 cost, almost the medians yearly income in the us,

and financing the purchase at 7 percent, or even higher, at thousands in interest. payments to the final bill. the result of growing number of americans getting to massive debt just to keep up with co payments before in many cases, defaulting in the end. after all, i read that most americans finance costs is the 2nd largest expense after the mortgage. you have to pay for the house. the house, the car college education for the kids goes to the 3 big bytes. and if you're financing, you're not financing for 3 years anymore. you're probably financing for 5, sometimes 7 years. that's a lot of time to do putting monthly payments on. but right. there's more when people are surprised by now are things like insurance. nobody buys a car thinking about repair maintenance costs, but new cars are becoming more expensive to, to,

to fix and insurance is going up. so there's these costs that are sort of surprising people in just one year from 2021 to 2022 insurance costs have gone up by around 14 percent and another 20 percent by the end of last year. that's a 34 percent combined in just 3 years. the steepest increase since the 19 so at the same time, the insurance companies report record breaking profits, things to rate increases. and that means a growing number of so called average joes and people who earn an income that just about lets them get by are getting crushed when it comes to vehicle ownership and guarantee their need for mobility and affordable transportation. those are the folks who are really going to be squeezed in this product, not having access to mobility without access to mobility, you don't have access to employment without access to employment. you cannot take care of yourself the of

the big public transportation. the public transport authority here in indianapolis is called in because those guys are trying to really do their best to transport thousands of people who can't afford a cost to places. they have to be that the work or for shopping. and of course also doctors appointments the most importantly to understand that public transportation always in the united states. if we're not talking about new york and the software there are, or maybe san francisco and the premises there has the challenge and was always challenged. public transportation. and america, that doesn't roll off the tongue as easy as, for example, in public transportation, customer number. so in indianapolis, and not only batch where they were before the culprit 19 pandemic,

has been rising. late in 2023. fixed around trying to ship was more than 6 point. 7000000 a 20 percent increase over 2020 to the city is fucking the trend that sees many metropolitan areas into us struggling with writer numbers. and with funding however, even indianapolis is facing challenges with shifts and transportation needs for more and more people who cannot afford the car, but who must respond to changing demands if they want to get or keep the job all well set. and then in the, in the microphone there, but then you have the burbs and you have jobs also going and companies going outside of downtown. so this is not just any that was all over america. so now you have to bring the city to the jobs outside of the city. that's a challenge. so it is a challenge, but you know what? we think so great partners. again, we have been able to do that. we're able to get people in the urban course and say

the out to the burbs to our neighboring counties. whereas the jobs are to the fulfillment center is good paying jobs. and she works as a home health aide called takes care of seniors, elderly clients. we need help with sort of things like getting dressed, 13 minutes and any minor choice around with joining her on a ride to work this morning. because you're in the suburbs of indianapolis and her client police even filed from any remotely convenient bus line. indianapolis, public transport providers, you never, you don't want to call. i knew i had, i had a part of why they weren't born, but eventually and toners, we'll visit the and with that, a chance for more or better work has so far remains elusive. for nicole as well as for many others for them, the best way to get to work is by using what's called a micro trends adopt. so this is a michael tech support program and those. 1 bring people to their jobs,

to the doctor or to a pharmacy, to pick out medication. this is for people who don't have transportation that we don't have cars who can afford boss tickets in 2020 to 5.7 percent of adults. select reliable transportation for daily living. that's about 15000000 americans struggling to get from a to be on the database, the center for disease control as just police new data and saying that this is becoming a real growing and bigger problem. year after year for people who don't have transportation, they don't go to the doctor so sure. they don't pick up their medication because my co transports flaky in indianapolis, they're trying to rectify. su 468 people. this place, enough space for people in wheelchairs. 1234 spots of this. so this much different

the indianapolis tells the women looking subjects and came up with a program called driven to success pathway, micro trends, jackson or step guests and supporters, us celebrating its success and 2nd anniversary. if we have data transportation, we had a great public transportation system here, but there gaps in the services. so it, we could fill those gaps where we could get right to man. so where we need to go instead of taking several buses or where the buses don't go to for public transportations to employment child care, to our quotes or facilities, but we don't have to drag several buses bad the full on the, on the buses. oh, we don't have to take 3 or 4 kids or strollers on the bus is it is rainy. been or what, how what do people in the, in the outer world have to understand about what the reality is for many, many thousands americans actually when it comes to mobility and transportation. the reality for many people that most people don't understand is many people, one paycheck from b, 4 in a shelter, out on the street,

homeless on house. so if it's between transportation and eating, they're going to eat, if it's between transportation and paying the rent on the mortgage, they want to pay the rent of the mortgage. and we address social determinants of health. and transportation is one of the social determinants of health. and this needs transportation is many things access to public transportation that micro transits, options are in ever growing an important part of it, even in the united states. but literally in this county comes back to one critical component, the call and accessed it. that's why affordability plays such an important role for everybody. affordability is some semi totally defined as exactly being 15 percent of your household income or a lot of documentation costs. and so if you have done that, most americans do by is good to go to work and earn

a living or to spend on the earnings. they have to go some days. take a break and go to the theater, go to eat something, they slept right? that's why the future of the economy terminal a lot in all things, transportation and with that's the future of the american life side, the country, social structure, and of course it's economy. so what will this future look like? what is the fix for america's car affordability? and personal transportation prices last night, the moon was sold right now. and it was in to me when i saw a truck to come from a place where to buy the we was it the silo auto club in indianapolis and mike simmons,

the own or 1st to started. so i know up scale parking space for even more upscale vehicles as a whole. a simmons, a classic concert, was just now run silo as a business. that also functions as a social club for a growing number of other lovers of classic exotic and luxury cost. all equipped with good old internal combustion engines, americans proclaimed, i'm going in the revolution has reached silo. and mike said, at least not yet. i have not been as drawn to the electrification of the industry from as a hobbyist or, or really even as a consumer. but i also get the, the fossil fuel argument i get global warming. i, i get why. there are reasons why we need to move away from fossil fuels and that it's all good. bad news for simmons electric vehicles or eaves soon with

a ton of missed driving of the future. the automobile industry says experts that all of the above will change how we transport, how we get around better, faster and foremost cheaper. the us government spending billions furthering the transformation on american road police. however, the number of eaves sold into us last year fell behind the expectations on the 1200000 battery operated electric vehicles and just 190000 plugin hybrids sold in 2023. that's just the friction overall vehicle sites. in comparison, the total of $15500000.00 new vehicles were sold in the us and 2023, roughly 12 percent more. and of the previous on top of that used cost $6.00 total. 35.9. last year. the, the way,

the 3 yes, those numbers will change significantly in the next 10 to 15 years. industry experts and policy makers say, but for now you as legacy comic as need be sales of internal combustion engine vehicles at high prices and with the best possible profit margins. here's why. the biggest thing i mean because they have to be able to make good profits on the internal combustion engine paypals, because as good profits are needed to be able to supply the much design fee cash flow that's demanded by the growth. and there are hungry electric vehicles on the side for consumers, for potential call buyers for all people who want need an affordable car to be their choice of transportation. that's bad news. prices for new induced cost will likely remain high or get even worse for the foreseeable future. the same goes for

repair maintenance and insurance costs really affordable mobility so critical for millions in the us. the non stop light, fully believe the free month, which will be the solution to is and the free markets for free markets. a vision will come by the end of the month as big as becoming more affordable. um, they will be at a mindful and extremely low cost, highly affordable rate. so it will be a shame out here with and consolidation that i have to call to be able to make that happen until the affordable mobility for all can be achieved only through subsidies . some experts say they think where we are right now is we're sort of in the discovery of diagnosis speeds of these new i cause driving and we're going to see the policy responses come out over the next few

years. the most direct thing that we could do, and the fastest thing that we could do would be to simply subsidize people being able to draw a monthly check from the government. so all people can get to work for shopping and keep the doctor's appointments. a quick fix, why not? and in the future say good bye to individual car ownership entire. all the calls will be electric and self driving. ready to be used to be are government sponsored basic subscription model available? anytime, anywhere with a click and yes, there will be an f smart and safe, economical, affordable and accessible to all people made possible by financial subsidies and incentives from the government. sweet dreams. who knows? however, this will shake out. it's going to be a long way to get well, any, the driving an electric car through

portugal? how well does it work? the country sees itself as an electron mobility by any or i'd like to know what works differently or better here. then for example, in germany, the rental car in opal, monica has a roughly 330 kilometer range. pretty average. the 1st charging station in the evening doesn't work great. the 2nd 1 in the morning is far from the city center. that is pretty slow. the 3rd one is faster. okay, it's another fast charge it, but at least this charging process works very smoothly, and we will gain some more kilometers until we get a real fast charger. after a bumpy start, it turns out that fast chargers are widespread and often at supermarkets, one thing i really like, i can pay it all. charging stations with a card or an app spontaneously driving long distances is no problem. arriving in lisbon,

they are already lots of ease on the roads here. people abilities seems to be on the right track in portugal. particles. electric street began in 2009. the government set up an agency to ensure a good start. the goal back then sounds straightforward. which ones pretty well go? mean probably the 1st country in the world, a set up a legal framework for email ability to get to the point. it started with a pilot project to a charging network at the national level, with one simple goal and making things as easy as possible for a the drivers by letting them use every charging point in portugal to the spots because you, me, and the assess bullock is to install and portugal insured competition right from the start, operating the charging stations and supplying the electricity are kept separate. this means that electrical power suppliers can also compete finding a parking space on the street and there's been almost impossible,

but not for any drivers. they get discounted parking cards. this is also meant to promote e mobility at a local level using new sylvia and i have a special sticker for which i made 12 bureaus a year that lets me park in less than the most expensive zone for this is there's a parking card machine at the back, you can see the red zone, the most expensive in the money. that's one of the advantages of an easy savings and thousands we've got here. we have to in portugal, the number of the registrations doubled in 2023. the users association gives a simple explanation for the exponential growth for not stanley kimball coffee with our system, which is based on the standardized bank card, like in charge of any charging station, not a single card. ease of use and competition, not a given, and germany has some catching up to do in this area. victor gomez visited the country in 2023. we're here to go use the local charging station. this is on low.

had to download 2 different apps or 2 different stations and the price was much higher than the portugal stopped before the plug out. and it was all a bit complicated for you all, all complete causes, despite more subsidies, portugal in general, and lisbon in particular, are not perfect. the navy driver notices this when looking for a free charging station, she couldn't find one in the city center. because i do sampling, kitting always have to have a plan b, cuz the charging station that was free earlier may now be occupied leave because the best are the parking spaces with simple chargers, of course, some ports going by these values. there are some here for normal charging you man for fast charging over the course. and we know that people will leave again quickly . he means this guy will be happy that must have given him. portugal is paving the way and what began throughout the you. in mid april, the drivers can now pay at new charging stations with

a credit card and likely more expensive lee than in portugal. the more automotive tales next time on risk. the

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