Electrified Powertrain Forecast: China Dominates BEV, America and Europe Fall Back On HEV
Discover how incentives, supply chains, and economies of scale are driving China’s electric vehicle market, while cost and infrastructure challenges shape hybrid demand in Europe and North America amid impending combustion engine bans.
Continuing incentives, an established supply chain and economies of scale have aided battery electric and plug-in hybrid vehicle sales (and production) in China. Meanwhile, cost premiums (after withdrawn incentives) and a limited charging infrastructure have hampered sales in most of Europe and in North America. With higher European and American tariffs on affordable Chinese imports, consumers there have accelerated demand for full hybrids for the near-term, as the long-term sales ban on combustion engines remain.
