28 Jan '13, 5pm

Has "peak car" already happened? Are automakers becoming mobility companies?

Has "peak car" already happened? Are automakers becoming mobility companies?

North American International Auto Show has been more than upbeat for automakers. Lots of new models and concept cars have been unveiled and automakers think it will be a good year for a solid sales increase. Quartz writer Tim Fernholz looked at it from another angle, raising some big questions. What if this post-economic crisis renaissance is short lived? Is the world approaching "peak car" – when demand for cars declines? And will the role of manufacturers change from automakers to "enablers of mobility?" The International Transport Forum at the Organisation for Economic Co-operation and Development (OECD) reports that growth in total vehicle miles traveled has been steadily declining since the early 2000s across the developed world. As the chart above shows, in the US, car trip miles may have peaked in 2007 and declined ever since, according to Advisor Perspectives . Fer...

Full article: http://green.autoblog.com/2013/01/28/peak-car-automakers-...

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