More traffic, but less chaos by 2030 - says PwC report


The automotive industry will undergo radical changes by 2030, says a report by professional services firm PwC. The number of cars in Europe and the U.S. is expected to decrease, while rising in China, according to a press release sent to the Budapest Business Journal.

The report - entitled “Five trends transforming the Automotive Industry” - forecasts a decrease in cars in Europe from 280 million to 200 mln, and in the United States from 270 mln to 212 mln. At the same time, it says road traffic will intensify.

“This is contradictory only at first sight. It is an automotive revolution during which a lot of rules seen as obvious in the last decades will change dramatically,” says Ádám Osztovits, lead partner of the business consulting unit at PwC Hungary.

The report uses the acronym “eascy” to refer to the car of the future as electrified, autonomous, shared, connected and yearly updated.

The most important change is that cost sharing will be increasingly used, according to the report, adding that more than one third of all driven kilometers will be covered in a sharing system by 2030.

Further trends indicate that by 2030, 55% of the cars in use will be electric, while self-driving technologies will improve significantly. In addition, Osztovits says, while roads will be more congested, traffic will be less chaotic due to the developments mentioned above.

The paper was written by Autofacts, a team of PwC industry experts who provide automotive insights and forecasts to clients around the world, the report states.


MBH Bank Closes Acquisition of Duna Takarék Bank Banking

MBH Bank Closes Acquisition of Duna Takarék Bank

Orbán Augurs Economic Rebound From Q3 Government

Orbán Augurs Economic Rebound From Q3

Corvinus Uni, ExxonMobil Sign Cooperation Deal Deals

Corvinus Uni, ExxonMobil Sign Cooperation Deal

Budapest Muni Council Clears Rác Baths Renovation Tourism

Budapest Muni Council Clears Rác Baths Renovation


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.