4 ms·
I agree with most of your post, but here's where I disagree: Yes, new car consumption will likely decline in the USA and Europe, but in the coming decades, mor
by maxkwallace 8y ago
I agree with most of your post, but here's where I disagree:
Yes, new car consumption will likely decline in the USA and Europe, but in the coming decades, more folks in China and India (and elsewhere) will enter the middle class and start demanding car services. In addition, as the cost of car services falls (due to self-driving), the quantity demanded will increase.
So I don't think the future market will be as small as you've projected. It might even increase.
- dx034 8y agoChina will want to manufacturer most of those cars themselves. India probably too but they're not as aggressive about it as China is. I doubt any of the large car manufacturers can make much more money in India/China than they're already making (unless via local subsidiaries).