Report: EVs Will Make Up Half of Luxury Car Market by 2020

Luxury vehicle manufacturers today make up about 23 percent of the plug-in electric vehicle (EV) market, and this is expected to climb to about 50 percent by the early 2020s, according to a new report from Navigant Research. The report, Electric Vehicle Market Forecasts, provides forecasts, market sizing, and market share analysis for the overall light duty vehicle (LDV) market and light duty HEVs, PHEVs, and BEVs. Global forecasts for annual LDV sales and vehicles in use, segmented by scenario (conservative, base, and aggressive), region, country, drivetrain, and automaker, extend through 2024. It also provides forecasts by automaker and vehicle class (luxury vs. economy), along with discussion of the underlying forecast assumptions such as lithium ion (Li-ion) energy density, Li-ion battery prices, and retail fuel prices.