Global deliveries of plug-in electrified vehicles (PEVs) have crossed the two-million unit milestone, with sales through the end of 2016 estimated at 2,032,000 cars and light-duty vans.
While PEVs accounted for only 0.15 percent of the 1.4 billion vehicles on the road in 2016, advocates point out that the number is up from 0.10 percent the previous year. Market penetration is also expected to continue to increase as manufacturers introduce more PEV models.
Among the leading adopters of PEVs, China and Europe each maintain a market share of about 1 percent, while the U.S. follows at 0.9 percent.
In 2016, aggressive subsidies resulted in China seeing sales of 320,000 domestically-produced plug-in passenger cars, eclipsing total deliveries of 212,000 units in Europe and 157,181 in the U.S.
In total, sales of PEVs in China since 2009 have reached 632,371 units, edging out Europe at 637,552 and the U.S. at 570,187.
Read full article at: Hybrid Cars »