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Fuji Keizai Group forecasts global EV, hybrid and fuel cell vehicle sales to reach 32.1M units in 2025

Integrity Exports. Japanese research company Fuji Keizai Group forecasts that EV, hybrid (standard and plug-in hybrid) and fuel cell vehicles will have combined worldwide sales of 32.1 million units in 2025.

The company projects sales of these types of vehicles will reach 5.46 million units in 2015—about a 6-fold increase as compared with the sales of about 900,000 in 2010.

Fuji Keizai predicts that the 2025 figures will comprise 13.86 million standard hybrids (43% share of these advanced technology vehicles); 11.48 million plug-in hybrids (37% share); and 5.75 million battery electric vehicle passenger cars (18% share) sold worldwide.

Infrastructure spending related to these vehicles is expected to balloon 10 times from its 2010 figure to ¥290.1 billion (US$3.7 billion) in 2025.

Comments

HarveyD

These may be better predictions than we had before, if the USA's and world economies do not fall apart.

HarveyD

After what happened with the latest USA's debt and budget mismanagement, one can doubt if this prediction will come true, probably not in the same time frame. USA took the first of many steps to drag the world economies into a long lasting recession. This may be the end of high living standards based on devalued currency and borrowed funds. Since that cheating had spread out to most of the world, the wake up call will hurt.

The race to currency devaluation, increased nation debts and printing more paper money to keep afloat has started. The downward path is well known.

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