The Passenger Car Market: Electrification Surges Ahead.

Did you know there are over 1 billion passenger cars on the planet?

Today, most of these are ICE vehicles, and with an average lifetime of about 14 years (and rising), around 800 million are still expected to be on the road in 2032.

You'd have to live under a rock not to notice that the powertrain mix is changing rapidly. Despite some articles suggesting otherwise, electrification is progressing quickly.

DATAportl forecasts that almost 80% of new passenger cars will be electrified in some way by 2030, including BEV, PHEV and MHEV.

Want to learn more about the future of passenger cars and how the market is evolving? Check out our latest passenger car forecast data for valuable insights!

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