1.1 million Indians potentially gain access to a $2500 car – ignoring those that might be exported. One can take, as I do, the elitist view that this is environmentally damaging in terms of its contribution to global warming – it is difficult to see it as a positive – and it will certainly add to congestion problems in India even if it does make automotive transport more readily available to the Indian masses. Others will argue that environmental criticisms of the car are misplaced – Indians have the same right to destroy the earth’s climate as rich westerners.
- Currently, only 8 Indians per 1000 own a car compared to 750 per 1000 in the US.
- By 2020 China may have a larger car market than the US.
Update: there is a long-meandering discussion of this post at Catallaxy.