In 1900, motoring was a luxury hobby in Britain, and there were only 8,000 cars in the whole of Britain at the start of the 20th century; but by the end of the century the car population had soared to 21 million. The number of cars on the roads began to rise during the 1920s as manufacturers started to make small, lightweight and cheaper vehicles for a wider market. Cars at this time were still relatively expensive. The Austin Nippy, was at the top of the Austin 7 sports car range and cost £152 - about £8,500 in today’s money.
The boom in car ownership occurred in the 1950s and 60s. Car ownership in London quadrupled between 1950 and 1970 as standards of living rose and car prices fell. By the mid-1960s, there were 1.5 million cars registered in London and the numbers continued to rise until the end of the century when 2.2 million cars were registered at London addresses.
Increasing car ownership meant increasing traffic congestion. By the 1960s, London’s traffic problem was considered to affect only the evening and morning rush hours in central London. It was not until the 1980s that congestion came to be a problem across London at more or less all hours of the day. This culminated in 2003 with the introduction of the controversial London congestion charge, a fee for motorists travelling within those parts of London designated as the Congestion Charge Zone (CCZ). The main objectives of this charge were to reduce congestion, and to raise funds for investment in London's transport system.
Nowadays, with the rising cost of oil resulting in higher petrol and diesel prices, the cost of owning a car in London is higher than ever. According to the AA, the average cost of a litre of unleaded petrol was 104.2p at the end of 2007; a litre of diesel would have set you back 109.2p.
But the rising price of fuel is only the tip of the iceberg when it comes to the cost of motoring. According to Sainsbury’s Bank, the average cost of running a car, excluding petrol, is now just over £1,000 a year. And if you have borrowed money to buy your vehicle, as most car owners have, the costs are even higher.
The astronomical expense of motoring has encouraged many people to reconsider whether they need to own a car at all. If you live in a city and only have the occasional need for a set of wheels, it could work out considerably cheaper to ditch your vehicle and instead consider car hire. Rental vehicle companies and city car clubs provide a service that allows you to hire cars near your home for anywhere between half an hour and a month at a time, with the end result is that for a fraction of the cost of running your own car, you could enjoy similar access to a set of wheel whenever you need them.
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