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Access to personal mobility increases

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Access to personal mobility increases

  • As incomes rise, individuals want more personal mobility, so demand for cars and motorcycles increases
  • Motorcycles offer a lower-cost entry point to personal mobility, with ownership particularly high in Asia Pacific
  • Car ownership significantly increases in non-OECD countries, with Asia Pacific leading the growth
  • In the OECD, while total vehicle ownership increases significantly, the number of cars per 1,000 people increases only about 10 percent
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