Wednesday, August 24, 2011

One Billion Cars Now on World’s Roads, Driven by Exploding Demand from China | ThinkProgress

One Billion Cars Now on World’s Roads, Driven by Exploding Demand from China | ThinkProgress: China put 16.8 million vehicles on the road in 2010. Industry analysts were forecasting another 15% jump in sales in 2011, but the market slumped after the government stopped providing subsidies for car buyers in order to temper the market. Even so, China’s vehicle population could surpass America’s in just a few years.