Global Sale Of Electric & Hybrids To Triple To $178.9 Billion In 2024
IDTechEx states that “E-cars are oversupplied and changing in all respects but in this frenzy of birth and death the future is being created with hybrid cars rapidly gaining market share now and sale of pure electric cars likely to take off in the second half of the coming decade as certain technical and cost challenges are resolved.”
A rather odd statement, considering that market share for conventional hybrids is on the decline, so we must assume then that IDTechEx is referring to plug-in hybrids.
“…the global sale of hybrid and pure electric cars will triple to $178.9 billion in 2024 as they are transformed in most respects. For example, components are becoming integrated, the range extender as an optional extra breaks down the difference between pure electric and hybrid and car manufacturers vertically integrate and collaborate, competing with their suppliers.”
Tripling by 2024 is fine by us.
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