Global Forecasts for Light Duty Hybrid, Plug-In Hybrid, and Battery Electric Vehicle Sales and Vehicles in Use: 2014-2023

Summary

Navigant Research predicts that the market for light duty electric vehicles will reach 6.4 million dollars in 2023, compared to 2.7 million in 2014. The report also suggests that advancements of fuel-efficient combustion engines could threaten the hybrid market share.