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Vehicles Stock

World vehicles registration 1960-2012 consisting of cars, trucks and buses. The calculated CAGR is 3.9%. The backward extrapolation comes close enough to 0 by 1900 when the total number of car in the US was less than 10,000 and maybe two or three times this number worldwide to validate the trend. Looking forward autonomous vehicles and electric mobility will drastically reduce the cost of distance and simultaneously stimulate an increase in vehicle ownership, which are supportive for a continuation of a robust market growth. The exponential growth trend extrapolates to almost 2.4 billion vehicles by 2030 at the calculated CAGR of 3.9%.

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