Not quite, they’re insisting all all new vehicles will be electric.
Even at that point it’ll still be decades before electric vehicles make up the majority of road traffic.
Even at that point it’ll still be decades before electric vehicles make up the majority of road traffic.
What you want to know is the average life of a vehicle (or average age of the fleet), not the average period of ownership.
I'm sure that varies by country; IIRC Germany has punative taxes on registering old cars, so their average age should be a lot less than in the US where registration tax usually is based on value, so goes down as the vehicle ages. I seem to recall average fleet age of about 20 years in the US.
On a personal note, me and most of the people I know think more in terms of miles than years. I figure every car I buy is good for 200,000 miles and most of the brands I favor have another 100,000 miles of life beyond that before repairs exceed some loosely calculated rate of return.
I think that partly depends on how you drive and where you live. I'm in a snowy climate: my engine might have no problem going 250,000 miles, but there's virtually no chance the body is drivable after 30-40 years of rust.
With that, I tend to buy a car in years, for example: "I'm hoping to have this for the next 6 years".