I live in the U.S and I have always thought Australia has good public transportation.
I was reading on Wikipedia that Australians are highly dependent on their cars for transportation.
From Wikipedia(transport in Australia):
Australia has the second highest level of car ownership in the world. It has three to four times more road per capita than Europe and seven to nine times more than Asia. Australia also has the third highest per capita rate of fuel consumption in the world. Melbourne is the most car-dependent city in Australia, as of a data survey in the 2010s. Having over 110,000 more cars driving to and from the city each day than Sydney. Perth, Adelaide and Brisbane are rated as being close behind. All these capital cictes are rated among the highest in this category in the world (car dependency). Furthermore, the distance travelled by car (or similar vehicle) in Australia is among the highest in the world, being exceeded by USA and Canada.
With high fuel prices, how are people able to afford and drive one? Finally, will public transportation improve in the coming years?
I am trying to invest in countries that are less dependent on oil and energy in general.