Rumors: Industry Report—Electric Vehicles Heading For A Plateau

News I By Doran Dal Pra I February 13, 2012
The automotive market is continually changing, and perhaps nowhere is this more apparent than in electric propulsion and hybrid systems. And, the pace of change is only increasing—more and more manufacturers are creating hybrid variants of their cars or going all out and introducing completely new EVs like the Nissan Leaf. However, the annual Global Automotive Executive Survey put out by KPMG, a global audit and tax advisory firm, reports that the number of new electric vehicles merging onto the road is going to level off for the next decade or so.
 
The survey found that global new car registrations of electric cars won’t break through 15 percent until 2025, a somewhat counterintuitive finding given all the momentum electric cars have been seeing lately. One reason for this is the continual refinement of the internal combustion engine and the creative ways manufacturers are finding to improve them.
 
While the number of electric cars may hit a plateau, the push for "electromobility" remains a major long-term strategy according, to KPMG’s survey. As new technology is developed and batteries, electric motors and other electronic systems reach higher levels of performance, more electric vehicles will find their way into our driveways, but it’ll be a change that’s going to take some time.
 
Do you have a car rumor to report, a spy shot to share, or other automotive-themed dirt to dish? Drop us a line at [email protected], our ears are always on! 
Tags:

The Guide to Road Racing: Winding Road Magazine's ultimate guide to getting your start in racing.

Table of Contents

Related Articles

Ineos Automotive Begins Production Of Grenadier Quartermaster Double Cab Pick-Up

· First series production Quartermasters have started rolling off INEOS Automotive’s production line. · Unveiled at Goodwood Festival of Speed in July, the double cab…

November 30, 2023
Spec MX-5 Shootout Finalists Ready to Showcase Their Skills

Mazda’s Spec MX-5 Shootout stands not only as a competition but as a pivotal platform for the development of young racing talent.

November 13, 2023
Ford Mustang GT/CS Teased

The Mustang GT/CS is poised to captivate the hearts of enthusiasts and add another chapter to the storied history of the Ford Mustang.

November 10, 2023
2024 Kia Sorento Plug-In Hybrid Showcases Enhanced Features

The 2024 Kia Sorento Plug-In Hybrid continues to impress with its stylish design, powerful performance, and advanced safety features.

November 10, 2023
Revealed: Honda E-Bike

The Honda e-bike promises to bring innovation and expertise from its motorcycle business to the burgeoning electric bicycle sector.

November 10, 2023

EMAIL SIGN UP

Get the latest driving and racing news straight to your inbox.

no thanks

Begin typing your search above and press return to search.