A well known auto-industry forecasting firm on Wednesday suggested that the heavily promoted battery-powered vehicles about to appear on roads around the world are "overhyped" and headed for a much slower takeoff then some auto makers and industry analysts expect.
In the new study, J.D. Power & Associates said sales of electric cars are likely to remain low for the next several years and won't make up more than a small slice of the global market even 10 years down the road.
The combined sales total of hybrid cars such as the Toyota Motor Corp. Prius and all-electric models like the Nissan Motor Co. Leaf will come to just 5.2 million in 2020, J.D. Power said. That would represent just 7.3% of the global market in 2020, which J.D. Power sees reaching 70.9 million passenger vehicles then. :lol:
In the new study, J.D. Power & Associates said sales of electric cars are likely to remain low for the next several years and won't make up more than a small slice of the global market even 10 years down the road.
The combined sales total of hybrid cars such as the Toyota Motor Corp. Prius and all-electric models like the Nissan Motor Co. Leaf will come to just 5.2 million in 2020, J.D. Power said. That would represent just 7.3% of the global market in 2020, which J.D. Power sees reaching 70.9 million passenger vehicles then. :lol: