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AFVs have been continuously growing over past few months and their share is now 3.3% of the market this year. Although the growth has been uninterrupted, it has not been always very consistent. With peaks in August 2015 (52.3%), December 2015 (40.3%) and more recently January 2016 (32.1%).
In 2015, global sales of battery electric vehicles (BEV’s) and plug-in hybrid electric vehicles (PHEVs7) increased by 60% and forecasts for the future are positive.
Future predictions of electric vehicle ownership vary considerably with OPEC predicting 1.7million globally by 2020 and Bloomberg New Energy Finance 7.4 million.
The actual numbers will depend on the reduction in cost of vehicle batteries, and the expansion of the vehicle charging point network, which are currently proving an obstacle to consumers buying one of these vehicles.