Global Electric Vehicle Sales To Hit Cumulative Mark Of 7.5 Million In 2020
Here’s the latest sales projection for plug-in electric vehicles by the end of 2020: 7.5 million.
That is, there’s predicted to be 7.5 million plug-in vehicles on roads around the globe by the end of 2020, according to Research and Markets:
“Electric Vehicles have been gaining significant attention among automobile manufacturers worldwide due to rapidly growing environmental concerns coupled with highly volatile oil prices. To overcome this problem, achieving sustainable transportation has emerged as a vital mission. Electric vehicles have emerged as the most promising alternative to increased energy security and reduced emissions of greenhouse gases and other pollutants. Thus, electric vehicle sales are anticipated to reach around 7.5 Million Units by the end of 2020, growing at a CAGR of around 19% during 2014-2020.”
12 key markets are analyzed in this report to arrive at that predicted figure. There’s a chance that the actual figure for 2020 could be lower or higher. Predicting the future certainly isn’t easy. How does 7.5 million by 2020 sound to you? Accurate? High? Low?