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Transport Sector to Require Fewer Cars

The automotive market will face a radical change in 2030, according to research by PwC.

As a result of novel sharing concepts, the stock of cars could fall from 280 million to 200 million in Europe and 270 million to 212 million in the US. China, in contrast, is expected to see its vehicle inventory rise to 280 million vehicles in 2030, up from 180 million today.

The PwC report, eascy – The five dimensions of automotive transformation, outlines a series of seemingly contradictory findings. For example, while vehicle stock could fall dramatically in Europe and the US in 2030, traffic on the roads will become even heavier. And although the number of new registrations will rise considerably, many conventional manufacturers and suppliers will come under pressure.