IHS Markit: vehicle miles traveled to increase 65% in key markets by 2040, while vehicle sales slow

Green Car Congress
By mmillikinNov 14, 2017, 2:16 pm166 pts
In a new study, IHS Markit forecasts that vehicle miles traveled (VMT) will by 2040 grow to an all-time high of around 11 billion miles per year (a 65% increase since 2017) in China, Europe, India and the United States—the key markets examined for the study—and will keep growing. At the same time, sales…

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