Monday, November 1, 2010

Is the Move to Hybrids Hyped?

October 29, 2010, 12:08 pm

From our colleagues at the Green blog:

How popular will electric and hybrid cars be in 10 years? Depends on whom you ask.

According to a new report by J.D. Power & Associates, the auto industry analysis firm, the sales potential of electric and hybrid vehicles is “over-hyped” and “more hope than reality.” Globally, electric and hybrid vehicles will make up little more than 7 percent of all passenger-vehicle sales by 2020, the firm estimates.

This year, just 2.2 percent of the more than 44 million vehicles expected to be sold globally will employ some kind of battery propulsion system.

Other industry forecasts are far more optimistic. A 2009 report by the Boston Consulting Group, for instance, estimated that electric and hybrid passenger vehicles, together with those powered by compressed natural gas, could constitute 28 percent of the market. Read more here.

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