As reported by Bloomberg, citing a survey done by J.D. Power & Associates Illustrates, this could actually be true. According to the survey, combined sales of hybrids and electric vehicles will amount for just 7.3 percent of global car sales in the year 2020. The company believes that the fuel-saving green cars will count for only 5.2 million units sold of the total 70.9 million cars expected to leave dealers’ lots in 2020.
This is in contrast with what Nissan-Renault CEO Carlos Ghosn estimates - that EVs will represent a record 10 percent of the market in that year. Truth is governments all over the world are giving billions in subsides to firms like Nissan or Tesla, with the promise they will deliver such high sales figures.
In the end we have to really ask ourselves whether or not we REALLY need such cars, based on the type of life we live and how committed we are to saving the environment.
“Many consumers say they are concerned about the environment, but when they find out how much a green vehicle is going to cost, their altruistic inclination declines considerably,” senior VP of the company, John Humphrey said.
Consumer interviews done by J.D. Power show that concerns about owning hybrid or EV include their looks and design, reliability, overall power and performance, range and time needed to recharge battery packs. When told that a hybrid might cost them $5,000 more than an equivalent petrol model, the number of people still interested in buying a hybrid dropped by 50 percent.