2014 Forecast To Be Good Year for Electric Cars

IHS Automotive is predicting that global production of EVs and plug-in hybrid EVs (PHEVs) will rise 67 percent in 2014 with the largest region being Europe-Middle East-Africa at 40% of market share.

Published: 05-Feb-2014

Attention electric vehicles: 2014 will be good to you.

That’s the prediction from IHS Automotive, which said Tuesday it expects global production of EVs and plug-in hybrid EVs (PHEVs) to rise 67% this year. That compares with just a 3.6% increase in the production of all vehicles globally.

Several key factors account for the expected increase in electric vehicles.

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