2020: Electric and Hybrid Car Sales Still Low

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LOS ANGELES, demand for electric and hybrid cars in the world is still low. According to global research institute J.D. Power & Associates, in 2020, sales of both types of cars is only 7.3 percent of the total number of units worldwide. Of the total 70.9 million unit market, the Toyota Prius and Nissan Leaf only sold 5.2 million units.

“Consumers themselves who will decide weather the vehicle was a commercial success or not. With the drastic changes in public policies, including tax incentives and vigorous effort of fuel consumption savings, it’s not strong enough to encourage consumers en masse move to this technology in a decade to front, “said John Humphrey, senior vice president of Automotive Operations JD. Power was quoted by Bloomberg.

This year, sales of electric cars in the U.S. will penetrate 954 500 units or only 2.2 percent of total world automotive market. In the eyes of consumers, electric and hybrid cars are still expensive. “Many consumers say, concern for the environment. But, when I heard the price, will recede quickly,” added Humphrey.

Until recently, all efforts were made principles and good government the United States, European Union, Japan and China for consumers to switch to electric cars and hybrids. The Obama administration even ready to give tax incentives for up to 11 billion dollars to bolster Nissan, Ford Motor Company, Tesla Motors Incorporated to begin mass production type of car.
Another problem facing China’s electric cars, besides infrastructure is the world’s electricity crisis. As stated by Oliver Hazimeh, analyst at Automotive Industry of PRTM in Chicago. He predicts, in 2020 electric cars will donate five percent of all car sales in the world. Hybrid car plug-ins six percent and 20 percent conventional hybrids. That could happen because the Chinese government continues to promote the development of electric cars and hybrids. This will push world demand of hybrid cars rise.