NewEnergyNews: Global EV Sales To Top 1 Million And Keep Growing

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    Friday, January 05, 2018

    Global EV Sales To Top 1 Million And Keep Growing

    Market Data: EV Market Forecasts; Global Forecasts for Light Duty Plug-In Hybrid and Battery EV Sales and Populations: 2017-2026

    Q4 2017 (Navigant Research)

    “Set to pass 1 million sales in 2017, the global plug-in EV (PEV) market will notch 6 years of annual growth of 40% or more since PEVs were introduced in 2011. The rollout of long-range battery EVs (BEVs) at sub-$40,000 price points is boosting market adoption, and the global market should see continued growth at around 38% through 2020…[The U.S. outlook] is less reliable since policies that have been vital to market growth are now in question…[Without fuel efficiency policies and government subsidies,] domestic OEMs will find it difficult to keep pace with foreign automakers whose domestic governments are more ambitious…A handful of European countries are considering or designing policies to ban conventional vehicle sales before 2050, and China is introducing a zero emissions vehicle mandate…[Those policies could put U.S.] OEMs at a disadvantage…” click here for more

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