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Well, if we're talking about the median person on a global scale, no one can afford any car, so the subject is moot.
by marvin 4y ago
Well, if we're talking about the median person on a global scale, no one can afford any car, so the subject is moot.
- oblio 4y agoNot true. 1. If this is to be believed, then the median household income is about $10k: https://news.gallup.com/poll/166211/worldwide-median-household-income-000.aspx https://news.gallup.com/poll/166211/worldwide-median-househo... That's enough to get cheap cars that cost $10k or less when new (something like this: https://www.dacia.de/modelle/sandero/konfigurator.html https://www.dacia.de/modelle/sandero/konfigurator.html). There are even cheaper Indian and Chinese options. 2. We're 8 billion. At least 2-3 billion have enough income to get Renaults and the other brands I mentioned. Norway is the outlier (middle class Norwegians making $100k+), not this very large group of people probably making $10-15k per year (individually).
- marvin 4y agoMedian income in Norway is $55k/year before 32% tax and 25% sales tax on everything except the aforementioned EVs, plus various special-purpose taxes on e.g. transportation that brings car TCO for a typical family into the ~$10k/year range. I'm not even sure what we're discussing anymore. But sure. If it's whether the majority of the world's population is currently in the market for BMW, Tesla or BYD's executive sedan, the answer is obviously no. My point was rather that there is a very sizable developed-world middle class that is, and that this family is pretty representative among those. Think North America, UK, Germany, France, Scandinavia, Australia rather than India, Africa and China.