The end of parking minimums

Welcome to the latest edition of Rev, Lyft’s guide to the ideas, people, and technologies driving the transportation revolution.

IN THIS ISSUE

• The U.S. has too much parking — and removing some of it could actually reduce traffic.
• New-car sticker prices are high, but the true cost of car ownership is even higher.?
• Summer is fast approaching, and with it, all manner of wildlife. Learn how to keep pests out of your vehicle in our “Ask a Mechanic” video.?

Beginning in the early to mid-20th century, when automobile sales were booming, cities began requiring developers to add parking to new constructions. The goal seemed sound at the time: Get the sudden influx of new cars off the streets and into lots instead.

However, these mandatory parking minimums created various unintended consequences. First of all, more parking incentivizes more people to drive, as a 2016 research paper found.?

Second, because the minimums required developers to acquire extra land and hire extra labor to build the lots, they raised prices for developers — costs that got passed on to consumers. According to one assessment, parking minimums can add an additional $60,000 in costs for every unit of housing.

Now, spurred by a campaign from activists and reformers, city officials are rethinking their mandatory parking minimums — and even the idea that parking should be free at all.

Read which cities around the U.S. are doing away with parking requirements here.

Here’s what it really costs to own a car

It’s easy to see the cost of every Lyft you take, but many of the costs of car ownership are more indirect.?

From fuel costs (gas or electric) to insurance, regular maintenance, repairs, and more, the total amount you spend on your vehicle may surprise you. Read our tally here.

Ask a Mechanic: How do I keep pests out of my car?

Summer is fast approaching, and it’s the high season for all manner of critters large and small. But the last place you want to find them is in your car. How to keep pests and small animals out? We asked a seasoned mechanic for answers. Watch our latest video above to find out.

That’s all for this week. If you liked this newsletter, please share it!?

Until next time, ride safe,

~ Rev Staff