Growth in plug-in electric vehicles depends on future market conditions
(Fri, 03 Nov 2017) Cumulative sales of plug-in electric vehicles (PEVs), including battery electric vehicles and plug-in hybrid electric vehicles, reached 1.2 million worldwide in 2015. Still, PEVs account for less than 1% of vehicles in use globally. Future developments in battery technology, policy, and consumer preference have important implications for future PEV adoption and serve as a great source of uncertainty in meeting future mobility demand.