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.