This is me
"turn to newer and more affordable solutions to get about: ride hailing and car, bike and scooter sharing rather than being saddled with the expense of "owning an under-utilised car"."
I think it's a bit of a stretch to call bicycles "newer solutions", but that aside -- this is me.
I don't live in a large city, but I ditched my car a few years back, and have been nothing but happy that I did. Not only do I not have the expense, but (more importantly to me) I don't have the huge amount of hassle owning a car brings with it. I'm not deeply opposed to owning a car -- should that become the better solution for me, I won't hesitate -- but I won't buy a new car no matter what.
I've switched to using a bicycle for about 90% of all of my transportation needs. I use a car rental or a cab for the other 10%.