The added mobility that the Segway PT brings to people's lives also generates economic benefits for many of them. Take a look at what owning one less car—or just taking fewer car trips—could do for your budget.
Reduced household expenses
If a car is used for one less five-mile (8 km) trip per day, that's 1,825 fewer miles (2,920 km) driven in a year. Since shorter trips cause more stress on engines, using Segway PT instead of driving on these trips could save US$.36 per mile per car, or about US$1,300 per year for the typical two-car household. Also, it's estimated that each urban car trip during peak hours incurs a parking cost of approximately US$1.50. If these households could reduce one trip per car per day, that would result in an additional annual savings of about US$1,100 per household. Combined, that's US$2,400 per year, per household.
Increased vehicle longevity
If every car is driven 1,825 fewer miles (2,920 km) per year, that's 9,125 miles (14,600 km) over five years, easily enough for that car to be driven for one additional year. If you bought a new car every six years instead of every five years, that would result in significant savings.
Single car households
According to the American Automobile Association, owning and driving a two-wheel drive sport utility vehicle 15,000 miles (24,000 km) costs about US$7,500 per year, when you account for gas, insurance, parking, registration, and repairs. If a family were able to replace one car with Segway PT, that could result in significant savings.
Lower heathcare costs
In the U.S., it's estimated that vehicle-related air pollutants are responsible for approximately 30,000 cases of respiratory illness per year, resulting in healthcare costs of about US$56 billion. If the number of urban miles driven could be reduced by 10%, that could reduce vehicle emissions by anywhere from 20% to 40%. This could save billions of dollars in healthcare costs while increasing economic productivity by lowering the number of work days missed due to pollution-related illness.
On the average, approximately 33% of daily traffic in U.S. urban areas is congested and it is estimated that each U.S. driver spends about 36 hours each year stuck in traffic. The resulting loss in productivity translates into roughly US$1.1 billion, or about US$620 per capita.