Proof Point
According to KPMG study, 59% of automotive executives and 35% of consumers believe that car ownership will decline 50% by 2025
Expectation of Consumer Car Ownership Declining by 50% in 2025
2016 (percent of respondents)
| Note: | Data based on KPMG’s survey of almost 1,000 executives from automotive upstream and downstream industry segments in 42 countries, covering OEMs, suppliers, ICT companies, mobility service providers, dealers and financial services, and more than 2,400 consumers of varying education, income, and living backgrounds |
Proof Point Findings
- Industry Expected Ownership Decline – 59% of automotive executives believe that half of today's car owners will no longer own a car by 2025, while 22% believe otherwise
- Consumers Not as Sure – Only 35% of consumers see 50% decline in automotive ownership by 2025
- Key Drivers – Include emergence of ridesharing services, growing cost of maintaining car, traffic congestion, improving public transportation systems, increasing difficulty to find and afford parking spaces, and idle car time
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Accelerator |
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Market Disruption |
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Sector |
Transportation and Logistics
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Source |
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Date Last Updated |
May 28, 2017
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