Company says electric vehicles to make up 9% of sales

Nov. 3

Plug-in electric vehicles have the potential to account for 9% of all automobile sales in 2020 and 22% of sales in 2030, according to research company Bloomberg New Energy Finance.

Hitting those marks, however, will depend on "aggressive reductions in battery costs and rising gasoline prices," Bloomberg said.

Price will be the "most significant limitation" in the short term to the adoption of plug-in hybrid vehicles, the company said.

"[Next year] will see the launch of a large number of new plug-in hybrid and electric vehicle models around the world. It´s not just car companies who have a lot riding on their success -- utilities; oil companies; whole countries will feel the impact if there is rapid uptake," said Michael Liebreich, chief executive of Bloomberg New Energy Finance.

Contact Waste & Recycling News senior reporter Jim Johnson at 937-964-1289 or jpjohnson@crain.com

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