IHS Automotive: Production of Plug-In Vehicles to Increase by 67% in 2014

FEB 14 2014 BY ERIC LOVEDAY 1

Analyst firm IHS Automotive has released its plug-in vehicle production prediction for 2014.

According to IHS, production of plug-in vehicles will increase by 67% in 2014, as compared to 2013’s production.  This represents a massive increase over the expected 3.6% rise in production of all motor vehicles for 2014.

From 2012 to 2013, production of plug-in vehicles jumped by 44%.

IHS says that its projected total global automotive sales for 2014 is 85 million and that plug-in vehicles will account for ~0.5% of that total.

Source: IHS Automotive (subscription required)

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1 Comment on "IHS Automotive: Production of Plug-In Vehicles to Increase by 67% in 2014"

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If that is the case it will be just shy of the first cumulative global million sold. Could happen in 2014 but no doubt it will happen in 2015 followed by the first cumulative US million around 2018. China/India could change all of this…