OREANDA-NEWS. Citizens of Russia, who drive by car less than 5.4 thousand km per year, are more profitable to use a taxi (based on ten years of personal transport operation). These conclusions were made by experts of the bank HSBC, writes the Russian media with reference to the study.

Russia was in first place in terms of this distance among the largest countries. For example, in order for a car to become a bargain in India, it’s enough for a car owner to travel 2,731 km per year, in the UK - 1,184 km per year, in the USA - 1102 km, and in Germany, where personal transport is most advantageous among these countries, 811 km.

The experts made calculations on the basis of the Toyota Camry in each specific country. The analysis took into account the cost of fuel and car maintenance, the average price of a taxi, as well as incomes of residents. This situation in Russia is due to the relatively high cost of buying a car, the price of which, taking into account import tariffs, is quite high, with relatively inexpensive taxis, according to HSBC experts.

Analysts estimate that in Russia the price of a trip by taxi is on average 75% less than in the USA, and the annual cost of owning a car is on average only 30% less. The average cost of a trip by taxi is about 130 rubles in Russia and about 350 rubles in Moscow. In addition, experts note the growth of car sharing in Russia. This is much more profitable owning a private car and more convenient than using a taxi.

“Thus, in Russia, taxi prices are proportional to income, and car prices are not proportional”, a bank representative explained to the newspaper. In terms of the prevalence of taxi call applications, Russia ranks third in the world. They are installed in 45% of the population. More - only in China (51%) and Mexico (46%).