"India's Tata Motors today unveiled the Nano, its much-anticipated $2,500 car, an ultracheap price tag that brings car ownership into the reach of tens of millions of people."
In India, there are fewer than 10 cars for every thousand people, compared with 450 in the U.S. If this remarkable piece of engineering enables Indians to achieve an automobile ownership rate 25% of the U.S. Rate then that could amount to an additional 130 million autos on the planet in the near future.
To put that in perspective, at 450 per 1000, there are currently just over 130 million autos in the us.
It is obvious that we can't just tell developing nations like India and China they can not enjoy the standard of living that we have enjoyed for the last 100 years but I fear that if they follow the same course then we are all doomed.
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