Demand for hybrid cars and EVs will account 7.3% of global sales by 2020

Article by Christian A., on October 29, 2010

J.D. Power & Associates predicts that hybrid cars and electric vehicles would only account for 7.3% of global sales by 2020. This is certainly lower than what advocates for these fuel-saving technologies have forecast.

In a survey done by J.D. Power, it was estimated that combined deliveries of hybrids, such as Toyota Motor Corp.’s Prius, and battery-powered cars including Nissan Motor Co.’s Leaf could reach 5.2 million units that year, out of an estimated 70.9 million passenger vehicle sales.

This fails to come up to Nissan-Renault CEO Carlos Ghosn’s forecast that electric cars alone will make up 10% of global sales by 2020.

John Humphrey, senior vice president of automotive operations for J.D. Power, said that it would be the customers who would ultimately decide if these vehicles would be commercially successful.

He explained that a “mass migration to green vehicles in the coming decade” isn’t expected because of consumer attitudes towards these vehicles and barring significant changes to public policy such as tax incentives and stricter fuel-economy standards.

Billions of dollars are being spent by carmakers and governments in the US, Europe, Japan and China to hasten the development of autos that use little or no petroleum to reduce greenhouse gas emissions and diminish exposure to oil-price swings.

At least $11 billion in taxpayer aid has been pledged by the Obama administration so that electric vehicles could enter production. The funding is expected to provided to Nissan, Ford Motor Co., Tesla Motors Inc. and other car and battery makers. [via autonews - sub. required]

If you liked the article, share on:

Comments

Recommended

The 2018 Cadillac CTS-V sedan will be getting a new paint job that will give it a unique icy feel. Dubbed the Glacier Metallic Edition, this special model was built...
by - August 23, 2017
During the North American International Auto Show at Detroit in 2015, Hyundai introduced a concept pickup truck they named the Santa Cruz. This model took home the Concept Truck of...
by - August 23, 2017
Porsche introduces the technologically advanced wheels with braided carbon fiber. These will be initially available on the 911 Turbo S Exclusive Series. Being the first car manufacturer to offer such...
by - August 23, 2017
All eyes were turned to the fuchsia pink bespoke McLaren 720S MSO at the 2017 Pebble Beach Concours d’Elegance Sunday. Surely, we can understand why. The one-off supercar, which was...
by - August 23, 2017
Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries