Whitepaper - Current Trends and Developments in the Hybrid Vehicle Industry
This white paper is intended to demonstrate the current developments in the hybrid industry, the brands at the forefront, and the current market position. As environmentally conscious consumers demand newer and cleaner versions of hybrids, the industry is feeling the pressure to produce at a higher rate than ever. By the year 2050, conventional car stock is expected to decrease by .5% whereas stock for alternative cars will increase by 5%. (ref 1) (see figure A) By the year 2020, the market for hybrid vehicles is expected to reach 10 million in the United States (2016 ended with almost 8 million cars sold).