Plug-in electric vehicles expected to make up 2.4% of global light-duty vehicle sales by 2023, says Navigant

The rapidly changing market for electric vehicles (EVs), which includes hybrids (HEVs), plug-in hybrids (PHEVs), and battery electric vehicles (BEVs), is a small but growing part of the global vehicle industry. Keen to see an increasing penetration of EVs due to the environmental, economic, and energy security benefits they provide, governments are pushing vehicle makers to develop EVs and incentivizing citizens to buy them. According to a new report from Navigant Research, plug-in EVs (which include plug-in hybrids and battery EVs), are expected to make up 2.4% of total worldwide light-duty vehicle sales by 2023.



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via Yuichun