Fastest Growing automobile market:

  • China

A number of cars per person:

    • In the US – 0.89 cars / person
    • In China – 0.24 cars / person

If cars per capita in China would be as in the US,

China alone would have over 1 billion automobiles at that time

Top 7 Countries by Motor vehicle production 2020

https://en.wikipedia.org/wiki/List_of_countries_by_motor_vehicle_production

World                    77,621,582

  1. China                 25,225,242
  2. United States     8,822,399
  3. Japan                  8,067,557
  4. Germany            3,742,454
  5. South Korea       3,506,774
  6. India                    3.394,446
  7. Mexico                 3,176,600

How Many Cars Are There In The World Today?

  • 2009 – 1 billion
  • 2016 – 1.32 billion
  • 2018 – 1.42 billion

Projecting this progression to 2021:  1.6 billion automobiles on the road.

The 2 billion automobiles on the road are expected by 2030.

 

The proportion between passenger and commercial automobiles is about 3:1

(In 2018 1.4 billion in operation worldwide, including 1.06 billion passenger cars and 363 million commercial vehicles)

In 2018 almost 99% of all automobiles on the road were still powered by gasoline or diesel.

 

The worldwide number of battery electric vehicles in use from 2016 to 2020 (in millions)

Units available                       Sales
  • 2016 1.2 M                   0.8
  • 2017 1.9 M                   1.26
  • 2018 3.1 M                   2.09
  • 2019 4.8 M                   2.17
  • 2020 6.8 M                   2.3

(According to these numbers in 2021, we should have 9.1 M electric automobiles )

https://www.statista.com/statistics/270603/worldwide-number-of-hybrid-and-electric-vehicles-since-2009/

 

% of Electric Vehicles on the road

(as per the latest report by Bloomberg New Energy Finance)

sales of worldwide Electric Vehicles (EV) as % of global passenger vehicles sales:

  • Now        3%
  • By 2025 10%
  • By 2030 28%
  • By 2040 58%

However, in 2040 electrical automobiles will still make up less than 33% of all the cars on the road