From 2012 to 2018, Plug-In Hybrid Vehicle Segment Expected to Grow by 80% Annually

4 years ago by Inside EVs Staff 9

The Prius Plug-In Sells Well in Some Areas of the US

The Prius Plug-In Sells Well in Some Areas of the US

“In response to increasing demand of renewable energy powered vehicles that lowers the total cost of ownership, electrical vehicle is the solution provided by automobile industry.”

2014 Honda Accord PHEV in Ultra Fuel Efficient Black

2014 Honda Accord PHEV in Ultra Fuel Efficient Black

That’s the reason why Transparency Market Research says that the plug-in hybrid vehicle segment is nearing the point of exploding in a positive way.

According to the market research report:

“Electric vehicles represent a quantum shift in traditional transportation system.”

This quantum shift is catching on though.  Transparency Market Research predicts this:

“This industry is expected to grow at CAGR [compound annual growth rate] of more than 18% over the period of 2012-2018. Among all the major segments, plug-in HEVs segment of electrical vehicles industry will experience the maximum growth, registering a CAGR of more than 80% followed by the hybrid electric vehicles segment with a CAGR of 19% during 2012-2018.”

80%.  Now that’s some serious growth.

Source: Transparency Market Research

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9 responses to "From 2012 to 2018, Plug-In Hybrid Vehicle Segment Expected to Grow by 80% Annually"

  1. Rick Danger says:

    A little transparent of them to ignore pure EV sales.

  2. They actually do review review pure EV sales.

    “Electric vehicles Market Segmentation
    By Technologies
    Electric-drive vehicles
    Start-stop system
    Mild hybrids
    Full (parallel or ‘power-split’) hybrids
    Plug-in parallel hybrids

    Although I find the omission of Tesla in the summary almost comical, considering both their leadership role, and the fact that in total revenue from plug-ins they are far
    and away the top manufacturer.

    “The major players in Electric vehicles industry are Daimler: Smart – Mercedes-Benz, General Motors, Mitsubishi, Nissan and Renault among the others.

    Perhaps Tesla is becoming “the one who can not be named”.

    1. David Murray says:

      Yeah I have to agree. If they can’t even include Tesla in the “major players” you have to wonder how good the rest of their research is.

    2. ItsNotAboutTheMoney says:

      Pretty obviously.

      Not only does Tesla have some of the highest volume in plug-in sales, but they are a huge consumer of cells. The majority of sales are 85kWh and 1 __60kWh__ Model S has a capacity equivalent to about:
      2 1/2 Leafs
      3 1/2 Volts
      7 1/2 Energis
      14 PiPs
      45 Priuses.

  3. Spec says:

    80% growth over a period of 6 years? That is not very fast. It really depends on gas prices. If we have another gas price spike, we’ll probably grow much faster than that.

    1. ItsNotAboutTheMoney says:

      No, that’s 80% _per year_.

      1. Carl says:

        Exactly.

        80% compounded annually, would be 34 times over 6 years.
        So 34 x 2012 sales levels is not too bad.
        It begins to add up when it is compounded.

    2. ItsNotAboutTheMoney says:

      The overall 18% includes all vehicles with some electrification, from basic start-stop to BEV.

  4. Priusmaniac says:

    In six years time it will depend a lot of what comes on the market.
    GM told about the triple five volt, Saab a possible new model, BMW perhaps a follow on i5 with more conventional look and size, Tesla a gen III, Renault a new Fluence.
    Toyota is kind of the biggest unknown here; they say they are not interested in electrics and seem to be stuck on their HEV system, but they can be influenced by the market moves.
    BYD did big promises with their F6-DM and other vehicles but nothing materialized.