CLEVELAND, OH–(MARKET WIRE)–Dec 4, 2006 — Worldwide demand for hybrid-electric vehicles (HEVs) will advance rapidly to 3.9 million units in 2015 and then to nearly double that number by 2020. HEVs are expected to quickly penetrate the world light vehicle market in response to rising energy demand, which in turn has led to erratic fuel prices and increased emissions regulations worldwide. Cost disparities between HEVs and conventional light vehicles — currently estimated at between $1,000 and $3,000 — are expected to decline as production volumes increase. The primary markets for HEVs will remain the Triad countries (i.e., the U.S., Western Europe and Japan), although the rapidly growing Chinese market is also expected to experience relatively strong demand for these fuel efficient and environmentally friendly vehicles. These and other trends are presented in “World Hybrid-Electric Vehicles,” a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

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Will The Worlds Hybrid Electric Vehicle Demand Double By 2020? Possible!

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