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Annual Demand for Self-Driving Cars Could Top 33 Million by 2040
Worldwide sales of truly autonomous cars will surge from 51,000 units in 2021 to more than 33 million vehicles by 2040, predicts IHS Markit.
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Worldwide sales of truly autonomous cars will surge from 51,000 units in 2021 to more than 33 million vehicles by 2040, predicts IHS Markit.
The London-based market research firm says the U.S. will lead the early deployment of completely self-driving vehicles, initially in the form of robotic ride-hailing shuttles.
But China will soon become the world’s largest market for vehicles that can drive themselves, according to the firm. It projects annual sales of autonomous vehicles in 2040 will reach 14.5 million units in China, 7.4 million in the U.S. and 5.5 million in Europe.
Regulatory hurdles, coupled with the “complexity of local driving conditions,” will slow the adoption of self-driving cars elsewhere, says IHS Markit. The firm estimates those regions will generate combined annual demand for autonomous vehicles of 6.3 million by 2040.
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