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Vehicle Sales

Vehicles sales comprising of all cars, trucks and buses are growing at an CAGR of 3.15%. This is actually lower than the 3.9% CAGR of the vehicle stock, which can only be explained by an increasing longevity of vehicles retired from the vehicles stock at a declining rate.  At the present rate of growth vehicle sales should increase from more than 97.3 million in 2017 to more than 143 million by 2030. A striking feature is the development of electric car sales that surpassed 1.2 million in 2017 – or 1.23% of all vehicles sales – at an impressive CAGR of 52.7% based on the ZSW data from the last five years and corresponding to a doubling rate of less than 20 months. If this growth rate is maintained both trend lines will intercept by 2028. As we mentioned before “Our expectation is for electric car sales to completely sweep out ICE car sales over the next 10 years, years ahead of 2030”.

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