Annual Sales of Electric and “Green” Fuel Vehicles to Tally 12 Million by 2022
According to a new report, worldwide sales of electric and alternative fuel vehicles will grow from 6.6 million in 2014 to nearly 12.4 million in 2022.
The report, conducted by Navigant Research, notes that “after decades of dominance by internal combustion engines, the worldwide automobile market is diversifying at a rapid pace.”
Government incentives, consumer desire for more fuel-efficient, cleaner forms of transportation, and fleet managers’ interest in lower-cost operations are all driving growth in electric vehicles (EVs) and alternative fuel vehicles, including ones powered by fuel cells and natural gas.”
“Reduced fuel costs and savings on maintenance are the primary reasons for growing interest in these vehicles, but new technology is making them attractive in other areas, as well,” says Scott Shepard of Navigant.
Category: General Update
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