Prediction: Electric Cars Will Dominate Market

[jdgomez]

We have seen it coming. When the prices of fuel skyrocketed, the hybrids came around to save the day. Now, analysts say, it won't be long until electrics dominate the market.

Reuters reports, "It will be years before demand for hybrid cars in the United States and Europe is big enough for battery manufacturers to make money from that business, but electric cars are nevertheless poised to dominate the market for greener vehicles, the world's largest car battery maker said on Tuesday." Johnson Controls believes that "The premium consumers must pay for hybrid cars has prevented them from gaining a bigger share of the overall auto market," and the current financial turmoil is keeping new car buyers out of the market -- while battery technology continues to advance.

Do you think this poses a threat to the diesel market?

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