How electrification will transform vehicle manufacturing

2017 was the first year that electrified vehicle sales exceeded a million units, with battery electric vehicles (BEVs) accounting for around 800,000 units and plug-in hybrid electric vehicles (PHEVs) accounting for around 400,000. According to McKinsey, the overall figure could increase more than four-fold by 2020, with 4.5 million units accounting for around 5% of the global light-vehicle market.