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