“The markets for PHEVs and EVs…will remain small unless oil prices skyrocket,” the report says. It goes on to predict that even at oil prices $200 per barrel, only about 4% of the vehicles sold worldwide will be PHEVs or EVs.
The report also concludes that government subsidies will figure prominently in the adoption of PHEVs and EVs and lithium-ion battery technology will be a clear winner, no matter the oil scenario.
Tesla Motors’ $35,000, 200-mile electric car may not revolutionize the auto industry by itself, but it could serve as a starting point for a long, steady climb to a day when half of the world’s vehicles will be plug-ins.
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