According to The economist article, Where is the most expensive place to own a car?, São Paulo/Brazil hit No. 2 globally with 130,000 U$ annually, right behind Shanghai/China 140,000 U$ .
The factors that the study relied on:
- Petrol prices;
- Road tax;
- and servicing.
Taking into account the fact numbers from somebody who lives in São Paulo. The quality of roads are horrible with holes that can swallow a car almost in every neighborhood. The fuel is $1,4/liter where the traffic raise the consumption into average of 4 km/l. adding to car property tax and the insurance. The average parking price for an hour is $10.
The transportation cost, among other reasons, have been given for Brazil’s economic slowdown. However, and according to FT
if Brazil really wants to hold onto its position as a leading emerging market, it must address structural problems, starting with infrastructure and education.