Why car owners consider their car ‘part of the family’ from section 80eea income tax act Watch Video

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✓ Published: 27-Mar-2024

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Half of Americans consider their car to be “part of the family,” according to new research.<br/><br/>The survey of 2,000 American car owners revealed that 51% think of their car as part of the family — and 53% would keep their current car forever if given the option.<br/><br/>For some, this is due to an emotional attachment (22%), while others have fond memories with their current cars (24%).<br/><br/>There are also more practical reasons for why respondents want to keep their current cars: almost six in 10 said it was because of the reliability (58%) their car has given them and 45% said it’s due to the good gas mileage they’re able to get.<br/><br/>From a financial perspective, the majority of drivers surveyed (80%) said they are likely to hold on to their car for as long as possible if they feel it will save them money in the long run.<br/><br/>Others admit that their car needs an upgrade now but they are unable to afford one due to financial constraints (46%). <br/><br/>Conducted by OnePoll on behalf of Meineke, the survey examined respondents’ feelings toward their current cars, as well as their preferences for future car ownership. <br/><br/>Despite their attachment to their current vehicle, only a third (34%) of drivers surveyed said they’d purchase the same make and model for their next car.<br/><br/>On the other hand, 47% said they’d be looking for something different — and for some, this will be an electric vehicle.<br/><br/>Forty-five percent of Americans surveyed believe electric vehicles are the future of car ownership, with younger generations increasingly likely to agree.<br/><br/>Specifically, 69% of Gen Z and 59% of millennials in the survey see electric cars as the future, compared to 41% of Gen X and 32% of baby boomers.<br/><br/>Results revealed that 41% of all respondents are glad that electric vehicles are an option for their future car — with younger generations again more likely to agree (59% of Gen Z and 56% of millennials, compared to 37% of Gen X and 27% of baby boomers surveyed).<br/><br/>\