1 This leaves pure-ICE vehicles with around 70% of the market share in 2025, with this falling to around 40% by 2030, predominantly in emerging markets.įor both North America and Europe, hybrids and BEVs are set to lead over the next decade as plug-in hybrids are not proving too popular in either region.

This sector is forecast to swell from just 3% of global market share to more than 25 million vehicles or 23% of global sales over the same period. While this jump is significant, it doesn’t compare to the kind of growth expected in HEVs - cars that combine a fuel engine with electric elements. Morgan estimates this will rise close to 8.4 million vehicles or a 7.7% market share. Comparatively, in 2016 just under 1 million vehicles or 1% of global auto sales came from plug-in electric vehicles (PEVs). The growth in electric vehicles (EVs) and hybrid electric vehicles (HEVs) is climbing and by 2025, EVs and HEVs will account for an estimated 30% of all vehicle sales. Morgan Research team explores the rise of the electric vehicle and what the industry will look like by 2025.Īutomakers are preparing to phase out cars powered solely by internal combustion engines (ICEs) as governments look to tackle fuel emissions. The next target date cited by automakers as a tipping point is 2025, when everything from materials and fuel to cost and the companies that build cars are set to look dramatically different.

Please include ' Reference: ' and link back to this page in your work.The car industry is undergoing a radical transformation, with most carmakers agreeing the next 10 years will bring more change than the two previous decades. You should do your own research additional to this information before presenting your seminar. We prepared and published this seminar abstract for final year engineering students seminar research.

MXC Optical Connector and ClearCurve LX Fiber TechnologyĮlectronics Engineering seminar topics 2013 ICPooch Technology(Remote Treat Dispenser & Pet Face time Terminal) Electronics Seminar Topics 2014, Growing List Part-1īluetooth Home Automation System, Technology

Witricity seminar report