15 ÓCentre for Economics and Business Research 4.4. To what extent can vehicle users cut their usage? Based on ONS survey15 there is some data on recent trends in fuel usage following the price rises during 2022. The estimated 48% price rise appears to have led to a reduction in consumption per transaction of 11% and possibly some further additional reduction in transactions as well. Figure 2 Date from ONS survey This would imply a price elasticity of around a quarter which is relatively low and which suggests that much of the less essential travel that can be cut has already been cut as a result of the squeeze in living standards. This is supported by the responses to the ONS survey shown in Figure 3. 15 https://www.ons.gov.uk/economy/economicoutputandproductivity/output/articles/behaviouralimpactsofrisingautomotivefuelpricesonco nsumerfueldemandukjuly2021toaugust2022/2022-09-02