Part 8/10:
Market analysts and investment firms, including Goldman Sachs and UBS, argue that although hybrids may experience a temporary spike in popularity, their market share will decline as consumer interest shifts decisively toward electric vehicles. The incoming wave of EV models that promise affordability and improved range is expected to further solidify this trend.
The Impending Landscape of Global Sales
An alarming realization comes from the projected impact of these shifts on the sales capabilities of traditional manufacturers. Countries like China and regions such as Europe account for nearly 60% of the global car market. Failure to keep pace with the transition toward electric vehicles means that manufacturers focusing heavily on hybrids may find themselves out of the market entirely.