According to a news article, a study by Shell said low-emissions vehicles, such as hybrids, would make up half of all vehicles on the road by 2040.
It will have to be a lot of hybrids, because a new study by KPMG finds that two-thirds of auto executives don't expect electrified vehicles (to exceed 15 percent of global annual auto sales before 2025. Executives in the U.S. and Western Europe expect even less adoption, projecting e-vehicles will only account for 6-10 percent of global annual auto sales.
So we're asking a lot of emerging market buyers.
An MIT economist recently pointed out the secret to fuel efficiency: less stuff. Lighter cars with fewer electronics use less fuel. That's why a 30-year-old Honda Civic gets better gas mileage than most compact cars today.
We live in an age where everybody from consumers to safety advocates of all types demand more features on vehicles.
So this mission for automakers in the next few decades is create safe, fuel-efficient vehicles with every connectivity tool imaginable. Simple, huh?