Autoscommunity
Motion & Emotion

Saudi Arabia Has the Highest Turnover of New Cars in the World, According to New Study

1,417

Whilst Argentinian roads are home to some of the oldest fleets, Saudi Arabia is driving the most up-to-date cars today, with an average of 3.8 years old. 

Emissions aren’t just related to the number of cars on our roads, which is why experts looked into the age of vehicles on our roads.

Here Are the Ten Countries With the Youngest Fleets Across the Globe:
  1. Saudi Arabia- 3.8 years
  2. China- 5.1 years
  3. United Arab Emirates- 5.2 years 
  4. Singapore- 5.46 years
  5. Poland- 5.5 years
  6. United States- 5.6 years
  7. United Kingdom- 5.6 years
  8. Sweden- 6.1 years
  9. Belgium- 6.2 years 
  10. Germany- 6.5 years

Whilst it may come as no surprise that Saudi Arabia comes out on top in the study, the country has the highest turnover of new cars in the world. 

Sitting at 19th place for GDP (Gross Domestic Product), this suggests it has higher incomes, therefore, a high rate of automobile purchases.

Whilst the research found there are only 241 cars per 1000 people. The country does not have a plan to phase out fossil fuel cars. After implementing a fuel efficiency standard for cars in 2016 and reduced transport fuel subsidies caused a tripling of gasoline prices between 2014 and 2019. 

DON’T MISS OUT ON THIS GREAT OPPORTUNITY

Shopenzer brings to you the most innovative and problem solving products to make your day to day life easy. Join the Shopenzer family of more than 500,000 happy customers from around the world.

Then in 2018, its sovereign wealth fund invested 1 billion USD in a US-based electric vehicle (EV) manufacturer and signed an agreement with Nissan Motors, Takaoka Toko, and Tokyo Electric Power Co to install EV charging stations. 

However, in response to the pandemic, the government reduced fuel prices by about 50%, undermining their progress made thus far. 

Saudi Arabia Has The Highest Turnover Of New Cars

China sits at second place and boasts an average car age of just 5.1 years. In 2010, China introduced a scheme that offered rebates to motorists who traded in old heavy polluting vehicles for low-emission vehicles.  

Unbeknown to some is that many countries around the world have introduced initiatives such as scrappage programmes. These typically involve the disposal of old cars, often to help reduce emissions. Motorists are then encouraged to invest in more environmentally friendly vehicles, with financial incentives or discounts.

Demonstrating environmental efforts, in 2018, Argentina established new vehicle categories plus a framework to promote more efficient and environmentally-friendly vehicles. The aim is to reverse the emissions produced by larger, older and heavier vehicles. 

Further Findings From the Report Include:
  • Car brand loyalty could be costing you money
  • Which country owns the most cars across the globe
  • The countries home to the youngest drivers
  • Car CO2 emissions emitted every year 
NEXT UP IN NEWS
Source Confused.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More