Global demand for electric vehicles is expected to grow elevenfold over the next 15 years through 2035 in a rapid shift to zero-emission mobility, eclipsing that of hybrids as soon as next year to become the largest segment among battery-powered automobiles, according to a market research firm.
The market for vehicles fully powered by electricity is estimated to total 24.18 million autos worldwide by 2035, compared with 13.59 million gasoline-electric hybrids and 11.42 million plug-in hybrids projected for that year, Fuji Keizai Co. said in its recent forecast.
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