Source: U.S. Energy Information Administration Annual Energy Outlook 2014 (Early Release Overview)
By 2040, Sales of electric vehicles and plug-in hybrid vehicles will amount to a meager 2% of overall car sales, according to a new forecasting model from U.S. Energy Information Administration. Main reasons: falling energy price and improved fuel economy and cleanliness of gasoline engines, which will further improve by micro-hybridization in nearly 50% of vehicles sold in 2040.