Study: Peak Travel Reached
An exploratory eight-country study finds that the demand for travel and automobile ownership had reached a saturation point as early as 2003.
A study conducted in eight countries has found that commuters have hit their global peak in 2003. Titled “Are We Reaching Peak Travel? Trends in Passenger Transport in Eight Industrialized Countries” and written byAdam Millard-Balla and Lee Schipperbc, the study finds that demand for travel and automobile ownership has reached a saturation point despite predictions, by the International Energy Agency, of 1.5 percent annual growth through 2030.