3 Feb 2020
Global car sales in 2020 may fall below 90 million units and their output will begin to decline gradually.
In an interview with Autonews, the head of Bosch, Volkmar Denner, promised the global automotive industry a disappointing future: in his opinion, humanity no longer needs as many cars. Accordingly, their production volumes will gradually but steadily decline.
According to the top manager, this process will last until 2025, when a new generation of electric vehicles will get on the conveyor. During this time, global car production will fall to 85 million units per year, which will negatively affect the economy, as concerns will have to systematically reduce jobs. At the same time, the massive transition to electric cars may become a new stage in the development of the auto industry: reducing the cost of electric cars will stimulate people to transfer to them from traditional cars.
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