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Hybrids to Capture One-Third of Global Auto Market
Global demand for more efficient powertrains will enable hybrid and plug-in hybrid systems to hike their share of the worldwide market by a factor of 11 over the next 15 years, LMC Automotive predicts.
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Global demand for more efficient powertrains will enable hybrid and plug-in hybrid systems to hike their share of the worldwide market by a factor of 11 over the next 15 years, LMC Automotive predicts.
The global market forecaster says the expansion will be led by plug-in hybrids, whose share will zoom from only 0.3% of passenger vehicle sales last year to 22% by 2030. LMC says traditional hybrid systems will expand nearly fivefold to 12% over the same period.
The rise of hybrids will shrink the proportion of vehicles powered solely by gasoline-fueled piston engines to 38% in 2030 from about 70% today, according to LMC. Similar factors will narrow the market share for pure diesel systems to 14% from about 20% today.
But hybrids still use an internal combustion engine almost always fueled with gasoline along with an electric motor and battery. LMC estimates the proportion of passenger vehicles with a piston engine on board will expand by one percentage point to 72% in 15 years.
The firm anticipates growth for other alternatives too. It expects fuel-cell vehicles will expand from virtually zero presence today to 6% of the global market by 2030.
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