Global sales of electrified vehicles to approach 4 million annually by 2020, says Pike Research

  • 03-Jan-2013 01:24 EST
13FusionEnergi_04.jpg

Ford says the 2013 Fusion Energi plug-in hybrid electric vehicle will deliver more than 100 mpg-equivalent.

Annual global sales of electrified vehicles will reach 3.8 million by 2020, Pike Research forecasts in a new report. The company, part of Navigant's Energy Practice, projects the compound annual growth rate for hybrid vehicles at 6% for the remainder of the decade. The growth rate for PEVs—which include full electric vehicles (also called battery electric vehicles, or BEVs) and plug-in hybrid electric vehicles, or PHEVs—is projected at nearly 40%. That compares to a growth rate for the overall auto industry of about 2%, according to Pike. It believes PHEVs will outsell EVs in North America and Latin America, while the reverse will be the case in most other regions.

Share
HTML for Linking to Page
Page URL
Grade
Rate It
2.75 Avg. Rating

Read More Articles On

2016-11-15
Jaguar's all-electric I-Pace Concept and Ford's EcoSport small crossover open the 2016 Los Angeles auto show.
2016-11-17
Mazda will introduce its first-ever diesel engine for the U.S. market in conjunction with the all-new 2017 CX-5 compact crossover.
2016-11-18
Volkswagen may have ruined its own diesel engine future in the U.S. by cheating on emission tests, but that isn't holding back other auto makers from introducing new diesel cars and trucks in this market.
2016-11-28
Despite two-dollar per gallon gasoline in the U.S., automakers are developing new, even more efficient power solutions.

Related Items

Article
2016-11-15
Training / Education
2011-04-12