Related Articles
Forward article link
Share PDF with colleagues

Latin American car ownership rising steadily

Subsidies and economic growth mean fuel consumption and car ownership will rise steadily

In Brazil's financial capital Sao Paolo the roads have become so clogged with cars that those who can afford it now take to the sky. Executives and officials ride helicopters from rooftop to rooftop for meetings and lunches to avoid the crippling gridlock below. Sao Paolo's problem is extreme, but traffic-choked highways are a familiar sight in cities across Latin America. As strong economic growth over the past decade has improved the fortunes for many in the region, demand for cars, trucks and buses -“ and the fuel to keep them moving - has soared. The trend is likely to continue. Across Latin America, vehicle ownership rose by more than 40% from 2000 to 2010, from 107 to 150.4 vehicles pe

Also in this section
The Zohr effect
15 March 2018
Hopes are high of fresh finds in the area
Full speed ahead for Egypt's gas
15 March 2018
Eni's parallel-development method has enabled it to smash records at its mega-giant Zohr gas project. Petroleum Economist was given exclusive access to the onshore operations
Hurdles face putative Asia-Pacific LNG hubs
14 March 2018
Singapore, Shanghai and Japan all wish to become trading hubs and price-reporting agencies are trying to establish benchmarks