The hidden value of car ownership

Private cars are valued not just for their functionality but also for the freedom, autonomy or status they offer. New research quantifies the value individuals assign to car ownership and shows that more than half of it derives from non-use value.

Automated summary

Private cars are valued for not only their functionality, but also for the freedom, autonomy, and status they provide. New research quantifies the value individuals place on car ownership and indicates that over half of it comes from non-use value.