Mexican Media Brands
7% of U.S Car Sales to Be Electrics by 2025?
Sales of electrified vehicle in the U.S. will reach 1.1 million units and capture nearly 7% of the passenger vehicle market by 2025, IHS Markit predicts.
#hybrid
Share
Sales of electrified vehicle in the U.S. will reach 1.1 million units and capture nearly 7% of the passenger vehicle market by 2025, IHS Markit predicts.
By then, the number of nameplates offering electrified powertrains also will balloon from 18 last year to about 130, says principal analyst Stephanie Brinley. That means that each competing manufacturer will average only 27,000 sales, she tells Automotive News.
Consumer interest in electrification isn’t likely to grow fast enough to match the proliferation of models available. The result, she says, will be years of “growing pains” as carmakers learn how to market their EVs—and convince consumers to buy them.
Brinley will present her assessment in detail on Thursday at the Center for Automotive Research’s annual Management Briefing Seminars in Traverse City, Mich.
RELATED CONTENT
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.
-
ZF in the Oasis
What you’re looking at is the “Intelligent Rolling Chassis” ZF has developed for the Rinspeed Oasis, a concept vehicle.
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
