as the report claims in 1995 emerging markets were accounting for 14 million vehicles compared to the 35 million from developed countries new delhi india will become the thirdlargest car market in the world with 74 million vehicles claims a report by goldman sachsthe report claims that car ownership in most economies starts gaining momentum when percapita incomes move into the range of 1000020000 range by 2025 many developing countries will reach that level for the first timethis will create a large demand for smaller cars with lower prices and lower operating costs india will become one of such economies on the other hand china which has already seen a boom in car ownership will continue to grow despite the current slowdown with carsharing expected to become more popular advt read alsochina car markets historic rut far from over as the report claims in 1995 emerging markets were accounting for 14 million vehicles compared to the 35 million from developed countries on the other hand in 2025 emerging markets are expected to account for 78 million vehicles while the developed economies will account for 34 million vehiclesapart from these insights the study also points out other trends like connected autonomous and electric carsas it claims with the fully autonomous cars are being tested on roads frequently the first commercially available semiautonomous cars could be on the road next 12 years however it also says that turning control over to software could lead to new hacking vulnerabilities and other hazards which the auto companies cannot ignoreaccording to the study cars that will allow drivers to intervene during emergencies is a more likely scenario in the near futurethe growing demand for electric mobility will bring more innovations and different kind of players like software and technology providers to plunge into the automobile industry claims the study it also says that the new operators will disrupt the conventional automobile industry further in coming days etauto published on aug 19 2019 at 0659 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app indian car market car ownership vehicle sales automobile industry autonomous cars homenewsindustryindia to become worlds thirdlargest car market by 2025 report