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.