Hybrid and plug in vehicles are all set for a giant leap in the coming few years. Our love for the vehicles will result in a fivefold sales jump, going by a new report.
As per the research report Low (Zero) Emission Vehicle Market (2012 – 2017) – By Degree of Hybridization & Type of Traction Battery Used – Global Forecast, Trends & Analysis, published by MarketsandMarkets, a Dallas-based research firm, the hybrids, plug-in hybrids, battery-electric vehicles and other genres of the electric vehicles would witness a sales jump of 30 percent this year alone. The sales would rise fivefold between the five years, 2011to 2017.
The statistics go as such: Last year the total sale is estimated to be $21.1 billion. This is predicted to be $27.5 billion in 2012. By 2017, it would be $103.1 billion.
Well, is it completely good news? No, it isn’t. The report also suggests that the price will also increase with the increase in sales. It indicates that the average price of advanced-powertrain vehicles will be between $25,556 and $29,198.