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Global Production of Electric Vehicles to Surge by 67 Percent This Year
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Southfield, Mich. (Feb. 4, 2014)—Driven by tighter emission standards in Europe, worldwide production of electric vehicles (EVs) will soar by 67 percent this year, according to IHS Automotive, driven by Polk.
Total production of EVs—both pure electric models and plug-in hybrid electric vehicles (PHEVs)— is projected to rise to more than 403,000 this year, up from slightly more than 242,000 in 2013, as presented in the attached figure. Growth will accelerate sharply from the 44 percent increase in 2013, based on data from the new IHS Automotive Hybrid-EV Portal.
The huge increase in the EV market this year contrasts with the 3.6 percent rise in global manufacturing of all motor vehicles expected in 2014.
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