With that in mind, here's what auto supplier Continental says is coming with regard to its electric and hybrid vehicle business in the next five years: a tenfold expansion thanks to working with "a number of automakers" in the U.S. and Europe, according to Automotive News (sub. req.). Sure, you can say that a 10x expansion from today's admittedly small numbers isn't that big a deal, but for Continental this means doing 400 million euros ($493 million U.S. at today's exchange rates) worth of plug-in vehicle business in 2015. Taking a look at the entire market, Continental's view is similar to Michelin's, in that electric and hybrid vehicles will make us up to five percent of the global market by 2020.
[Source: Automotive News – sub. req.]