Global Car Industry Doomed! Booming! Doomed!

A fascinating auto industry factoid from this week’s Economist:

…globally the [auto] industry is set for huge expansion with the motorisation of China and India. Within a few years China will replace Japan as the second-largest national market after America. Some experts predict that over the next 20 years more cars will be made than in the entire 110-year history of the industry. [Emphasis added]

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Comments

  1. Dorrian says:

    So, because sometimes you serve as my Sunday afternoon diversion for statistics I really don’t need to think about while starting a company, I had to check how much that would be. From this source, (http://www.mindfully.org/Energy/2003/Americans%20Drive%20Further-May03.htm) an interesting read on its own, I get roughly 1.3 billion cars, which means that China’s Henry Ford has just found a slogan. The source also reveals the impact on the world’s existing fleet would be equally stunning.

  2. From Dave over at Chevron:
    It took us 125 years to use the first trillion barrels of oil. We’ll use the next trillion in 30.
    The world consumes two barrels of oil for every barrel discovered.