These days people prefer to live a luxurious life.
As a result
, many individuals own multiple material things and having an automobile, is one of them, which leads to an increase in traffic congestion around the globe. Linking Words
This
discourse will Linking Words
delves
into all significant components in detail.
Change the verb form
delve
First
and foremost, one of the major reasons for people buying cars is the easy availability of loans. Most of the multinational banks are ready to give vehicle loans at a low-cost interest rate, which attracts the buyers to purchase an automobile. Linking Words
Second
, expensive cars are seen as a status symbol in society and Linking Words
hence
, many Linking Words
upper middle-class
purchase branded cars as a status quo. Add a hyphen
upper-middle-class
For instance
, in India, there is a trend to gift a costly vehicle, by a father to his daughter on her wedding day as dowry.
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However
, there are relevant ways to solve increasing car ownership, one of which is charging more interest rates on a loan. If loans are given at a higher rate of interest, Linking Words
then
individuals will think twice before buying a car by borrowing a loan. Linking Words
Next
, the higher authorities can take steps, Linking Words
such
as reducing the fares of local commutes to motivate people to use public transport rather than a personal vehicle. Linking Words
Additionally
, the government can ask four wheeler owners to pay higher toll and parking charges, which would make them use the local transport. Linking Words
For example
, in Spain,the authorities have increased the parking charges to discourage their citizens from using private cars.
In conclusion, undoubtedly ownership of private cars has increased at a huge rate because of varied reasons. Corrective measures by the government can surely help in reducing the usage of these vehicles for personal use and encourage individuals to choose public commutes.Linking Words