SEMA eNews Vol. 21, No. 48, November 29, 2018

SEMA Market Research: Hybrid, Alternative Energy to Comprise 18% of Vehicles Produced by 2025

By Kyle Cheng

  Future Trends
The “SEMA Future Trends Report” includes economic and industry forecasts to provide readers the insights they need to help move their businesses into the future.
   

Despite media reports to the contrary, electric and hybrid vehicles will not take over the road anytime soon. At least for the near future, gas engines will remain dominant. SEMA forecasts that by 2025, more than 81% of all vehicles produced will still have traditional gasoline engines.

Diesel engines have ebbed and flowed over the last 40 years. Today, they represent 0.3% of total vehicles produced (a share roughly the same as in 1975). SEMA forecasts that diesel engines will maintain a comparable share over the coming years.

Want to know what economic, consumer and industry trends are in store for the next few years? Check out the new “SEMA Future Trends Report.” This report, published twice per year, includes economic and industry forecasts to provide readers the insights they need to help move their businesses into the future.

To download, visit www.sema.org/research.

 

 

 

 

 

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