The paradigm of what a car is and how we use it is changing. Energy innovation, artificial intelligence advances, societal tastes, and environmental concerns are all affecting how we get around in the future.
In recent years, the global auto industry has been experiencing a decrease in worldwide sales: COVID-19 notwithstanding, global auto sales are estimated at 59.5 million in 2020, a 20% year-on-year decline.
Car sales were estimated to reach 80 million in 2019, but ended up down on the year; 2020 is expected to show an acceleration of this decline as the COVID-19 lockdowns and its wider economic malaise cause consumer purchasing pullbacks. Restricted mobility is lowering demand for public transport and air travel, but people are not necessarily moving less. Enthusiasm for bikes and scooters (especially in dense urban areas) shows that alternative modes are being sought.
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