From 2015 to 2020, the car consumption rate has been increasing by 17% annually. In proportion, for every 1,000 people, there are 55 car owners in Vietnam. Following Vietnam are China and India, with growth rates of 14% and 10%, respectively.
Vietnamese people have the fastest car consumption rate in the world. Photo: Tran An.
Based on data from the International Organization of Motor Vehicle Manufacturers (OICA), New Zealand is the country with the highest car ownership rate in the world. For every 10 people in New Zealand, there are nearly 9 car owners.
Particularly, children account for about 20% of the population in this country. The majority of cars in circulation in New Zealand are used cars imported from Japan. The United States comes in second on this list.
In Europe, Poland has the highest car usage rate but has the lowest electric vehicle usage rate in the region. While electric vehicles make up about 16% of the total vehicles in circulation in Norway, this rate is only 0.1% in Poland. On average, electric vehicles account for about 0.8% of total private vehicles in the European Union (EU).
Recently, many economic indicators in Vietnam have shown positive signs. A report by the global asset research company New World Wealth and investment advisor Henley & Partners shows that Vietnam will witness the most dramatic asset growth in the next decade as it solidifies its position as a global manufacturing center.
In particular, Vietnam is predicted to become 125% wealthier in the next 10 years. According to the research group’s analysis, this will be the world’s largest asset growth when considering per capita gross domestic product (GDP) and the number of USD millionaires.
According to OICA
