This should help sell battery powered cars (via much higher gasoline prices even if the cost of taking typical barrel of oil form Earth were not rapidly increases as more of it come from deep ocean wells.):
"... The Chinese bought 13.6 million vehicles last year, more than any other population on the planet. There are 53.95 million vehicles in the nation now. Yet car ownership won't hit equilibrium levels until roughly 1.04 billion vehicles are on the road. That's a 1,826% increase from today. ..."
From today's Email from: Money Morning <customerservice@moneymorning.com>
13.6 / 53.95 = 0.25021
I.e. more than 1/4 of the cars on China's roads are less than one year old!
India's cars sales are booming too - not sure but expect US will be third largest market soon. Especially if my prediction about a run on the dollar before Halloween 2014 come true. This was the final part of a larger prediction mad about 5 years ago. All but the last part of that prediction has arleady come true - See post 365 here for more details: http://www.sciforums.com/showpost.php?p=2677836&postcount=365
"... The Chinese bought 13.6 million vehicles last year, more than any other population on the planet. There are 53.95 million vehicles in the nation now. Yet car ownership won't hit equilibrium levels until roughly 1.04 billion vehicles are on the road. That's a 1,826% increase from today. ..."
From today's Email from: Money Morning <customerservice@moneymorning.com>
13.6 / 53.95 = 0.25021
I.e. more than 1/4 of the cars on China's roads are less than one year old!
India's cars sales are booming too - not sure but expect US will be third largest market soon. Especially if my prediction about a run on the dollar before Halloween 2014 come true. This was the final part of a larger prediction mad about 5 years ago. All but the last part of that prediction has arleady come true - See post 365 here for more details: http://www.sciforums.com/showpost.php?p=2677836&postcount=365
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