Prediction: 480,000 Plug-In Electric Vehicles To Be Sold Globally In 2015
Analysts at Frost & Sullivan predicted that “over 480,000 EVs are expected be sold globally in 2015 with Europe and China projected as growth markets to watch out this year.”
Our own worldwide cumulative tally for calendar year 2014 came in at just over 320,000 plug-ins sold, so 480,000 would represent a 50% year-over-year increase.
Beyond that, the analysts forecast that the total number of electric cars on the road will “reach 10 million units by 2020 globally.”
Frost & Sullivan Program Manager, Anjan Hemanth Kumar, states:
“Vehicle manufacturers are not just under pressure to adopt green cars, but also need to find the right powertrain technology mix to bring down the fleet emission average. Passenger car industry is pursuing advanced engine technologies such as downsizing, boosting, cylinder deactivation, advanced injection technologies and exhaust after treatment technologies. It is hard to find the right combination. On the other hand, electrification is a major trend witnessed globally from micro hybrids to battery and fuel cell vehicles.”
Let’s hope that major trend shows no signs of slowing over time.