Auto Execs Don’t Believe in Hybrids or EVs but Continue Investments Just in Case they’re Wrong

Electric vehicles and hybrids have often been touted as a logical solution to effectively reduce CO2 emissions and dependence on fossil fuels – at least until fuel cells become commercially viable.

Yet a recent survey conducted by U.S. financial consulting firm KPMG among 200 automotive executives found out that two-thirds of them do not believe that hybrid and all-electric vehicles will make much of an impact on the market. The auto execs estimate that their combined sales in the U.S. and Western Europe won’t exceed 6 percent in 2025.

Read more »