Skip to main content

New report on rising global vehicle production

New research conducted by the Worldwatch Institute for its Vital Signs Online service indicates that production of passenger vehicles (cars and light trucks) rose from 74.4 million in 2010 to 76.8 million in 2011, and 2012 may bring an all-time high of 80 million or more vehicles. Global sales of passenger vehicles increased from 75.4 million to 78.6 million over the same period, with a projected 81.8 million in 2012. The major driver of increased production and sales are the so-called emerging economies, e
September 12, 2012 Read time: 2 mins
New research conducted by the 6560 Worldwatch Institute for its Vital Signs Online service indicates that production of passenger vehicles (cars and light trucks) rose from 74.4 million in 2010 to 76.8 million in 2011, and 2012 may bring an all-time high of 80 million or more vehicles. Global sales of passenger vehicles increased from 75.4 million to 78.6 million over the same period, with a projected 81.8 million in 2012. The major driver of increased production and sales are the so-called emerging economies, especially China.
 
The report estimates that 691 million passenger cars were on the world's roads in 2011. When both light and heavy-duty trucks are included, the number rises to 979 million vehicles, 30 million more than just a year earlier. By the end of 2012, the global fleet could top 1 billion vehicles, one for every seven people on the planet.
 
Although several countries have issued targets for future electric vehicle (EV) fleets, production remains at barely perceptible levels and it remains to be seen whether these goals can be met.  China, for instance, wants to put five million plug-in hybrid-electric and fully electric vehicles on its roads by 2020----which could account for more than 40 percent of the global EV fleet that year. An analysis by Deutsche Bank Climate Advisors, however, suggests that production of 1.1 million EVs and a fleet of 3.5 million in China is a more realistic projection.
 
"Automobiles are major contributors to air pollution and greenhouse gas emissions," said Worldwatch Senior Researcher Michael Renner. "Greater fuel efficiency, along with the use of cleaner fuels, can help mitigate these impacts, although increases in the numbers of cars and the distances driven threaten to overwhelm fuel economy advances."

Related Content

  • March 22, 2012
    Volvo warns EU on its approach to electric vehicles and its transport white paper
    Volvo Car Corporation warns that EU targets for cutting carbon dioxide emissions are being jeopardised by the absence of harmonised incentives to consumers. Another key issue is the urge for continuous support to automotive research and development, including electromobility. Stefan Jacoby, president and CEO of Volvo Car Corporation, told an industry seminar in Brussels yesterday that jobs, investment and competitiveness in the European car industry could be threatened by the European Commission's approach
  • September 27, 2013
    Global connected car market expected to reach US$131.9 billion by 2019
    New research by Transparency Market Research "Connected Car Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013- 2019" , indicates that the global connected car market is expected to reach US$131.9 billion by 2019, growing at a CAGR of 34.7 per cent from 2013 to 2019. 4G/long-term evolution (LTE) technology is in a commanding position due to its lower operating costs associated with high data transmission volumes as compared to other technologies.
  • October 21, 2016
    Alternative fuel and hybrid vehicle ‘to grow at 12.9 per cent to 2022’
    A new report published by Allied Market Research, Alternative Fuel and Hybrid Vehicle (AFHV) Market by Alternative Fuel Type, Vehicle Type, and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the world AFHV market is expected to reach US$614 billion by 2022, growing at a CAGR of 12.9 per cent during the forecast period. The passenger vehicle segment is estimated to dominate the market from 2016 to 2022. Asia-Pacific dominated the global market accounting for a market s
  • April 25, 2012
    Alternative fuel buses gaining significant traction
    According to a recent report from Pike Research, the trend toward cleaner transit buses will continue over the next several years, and by 2015 the cleantech market intelligence firm forecasts that alternative fuel vehicles will represent more than 50 per cent of the 64,000 total transit buses that will be delivered worldwide during that year, up from 28 per cent of total bus deliveries in 2010.