PwC: by 2030, the transport sector will require 138M fewer cars in Europe and US; vehicle stock in China to climb ~50%; traffic to be heavier

By mmillikin Five trends are transforming the automotive industry, according to PWC: electrification, autonomy, sharing, connecting and yearly updating, a combination the consultancy is now labeling “eascy”.

In a report exploring the impact on the trends on the industry in 2030—“eascy – The five dimensions of automotive transformation”—PwC suggests that as a result of novel sharing concepts, the stock of cars could fall from 280 to 200 million in Europe and 270 to 212 million in the United States. China, in contrast, is expected to see its vehicle inventory rise to 280 million vehicles in 2030, up from 180 million today.

However, although

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