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Electrified cars represent over $100 billion market, report says

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Electric cars, hybrids, and fuel cell vehicles are expected to be worth over $100 billion globally by 2020, according to a new report titled "Global Electric Vehicles Market & Volume (Plug-in, Battery, Hybrid, Fuel Cell) Motors."

This is based on the sales numbers of four leading EV manufacturers including Tesla, Mitsubishi, Toyota, Renault-Nissan.

Hybrids will hold the highest market share, followed by fully electric cars which are steadily increasing. Toyota will continue to lead the way, but Tesla, Mitsubishi, and Renault-Nissan will gain some serious ground in the next four years.

The report also mentions that conventional hybrid and plug-in hybrid vehicles will drive green car sales growth for some time due to limited battery capacity, high prices, long charge time, and charging infrastructure.