Plug-in Hybrids: More Models but No Future, Says IDTechEx Research
Consequently, although plug-in hybrid sales have been rising, their market share has been dropping since 2013 (IDTechEx and BNEF).
BOSTON, June 11, 2019 - Something strange is happening. Car manufacturers are issuing a flood of plug-in hybrid cars. You are spoiled for choice with Mini, BMW, Skoda, Volvo, Porsche, Mercedes and others joining in. Those offering the most desirable, pure electric cars - those with the longest range and three times the resale value - have long waiting lists, but they will catch up. There are no long waits for a plug-in hybrid. GM abandoned its Volt plug-in hybrid. Many users report two types of range anxiety: a small battery and a small gas tank. The U.K. withdrew PHEV support because people never plugged them in, not benefiting the environment at all. Consequently, although plug-in hybrid sales have been rising, their market share has been dropping since 2013 (IDTechEx and BNEF).
"Well-funded start-ups go straight to pure electric. Tesla Roadster will have 1,000 kilometers range matching gasoline: it will then become commonplace. Those buying internal combustion vehicles hope the city and country bans will not apply to hybrids. However, they face increasing range anxiety from the number of gas stations plummeting - Experian Catalyst reports a drop of 35% in UK gasoline stations since the year 2000 - whilst charging stations increase. They have financial anxiety from dropping resale values."
Harrop concludes, "There is absolutely nothing to reverse dropping market share for plug-in hybrids leading to decline in sales numbers. Indeed, with new inputs, we have just revised our forecasts down to show plug-in car sales at zero in 2030. Technologically, they are becalmed while pure-electric is evolving fast - from camper mode to solar versions that never plug in."
For more information contact research@IDTechEx.com or visit www.IDTechEx.com/Research/EV.
IDTechEx guides your strategic business decisions through its Research, Consultancy and Events services, helping you profit from emerging technologies. Find out more at www.IDTechEx.com.