According to a recent article in The Wall Street Journal (4/20/2019) only 20.2% of 16 year-olds had driver's licenses and less than 50% of 17 year-olds had a license. The share of 16 year-olds getting their licenses was nearly halved since the 1980’s.
I couldn’t wait to get my driver's permit, which in Kansas was at the age of fourteen. Looking back, are you kidding me? I could barely see over the steering wheel, but I was driving and wanted a car.
If driving isn’t that important to the youth of today, how important will be owning a car? Will new ways of transportation like car sharing, electric scooter and Uber cause more disruption to the car industry?