FRANKFURT, Germany: A boom in car-sharing could slash the number of vehicles on European roads by 80 million by 2030, a study published on Monday predicts.
Photo by Alessio Lin on Unsplash
But roads could become busier even as Europe's fleet of cars falls from 280 to 200 million, consultancy PwC forecasts, as shared vehicles will be used much more frequently than privately-owned ones.
"Within a few years, the present norm under which most people drive their own car will be just one mobility concept among many," PwC auto expert Christoph Stuermer said.
The experts believe up to one in three kilometres travelled on European roads could use some form of car-sharing in future, predicting that services will become just as accessible in the countryside as in cities.
Increasing numbers of electric and self-driving cars will encourage people to try out car-sharing, PwC expects.
And self-driving cars will make some journeys with no human on board at all, for example on their way to pick up passengers.
Shared vehicles to be replaced more often
Shared vehicles drive around 58,000 kilometres per year, the study found, or roughly the equivalent of a taxi - compared with just 13,200 for a private car.
That means they will have to be replaced more often, likely every 3.9 years rather than the 17.3 seen today.
Higher turnover in the fleet could boost the number of new cars registered in Europe by 33% by 2030, to 24 million units.
"Carmakers and their suppliers will face critical decisions in the coming years," Stuermer warned, as they are forced to invest heavily in new factories and research and development even as margins fall and new competitors arise.
Ever-increasing urbanisation and the subsequent demand for development of cities is the catalyst needed to bridge both the greatest challenges and most creative solutions for a future of the automotive sector...
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