Not everyone can live without that red mark in the ledger, but we'll help you find out if you might be a candidate. Where I live in Atlanta, the necessity of owning a car is highly subjective. In some areas, it's not possible to get by without a car, as everything is miles away.
A continuously variable transmission (CVT) (also known as a single-speed transmission, stepless transmission, pulley transmission, or, in case of motorcycles, a twist-and-go) is an automatic transmission that can change seamlessly through a continuous range of effective gear ratios.
A CVT is a type of automatic transmission that uses a moving pulley system and a belt or chain to infinitely adjust the gear ratio across a wide range. CVTs also reduce shift shock and increase fuel efficiency significantly. But CVTs can't handle the high torque demands of performance cars.