Unsurprisingly, an increased focus on EVs and hybrids is a major factor for this increase thanks to upcoming launches such as the Tesla Cybertruck, Rivian R1T and R1S, General Motors' reborn Hummer, and Volkswagen ID.4. Combined, electrified vehicles are expected to represent 49 percent of new car launches over the next four years, with EVs making up 26 percent and hybrids representing 23 percent.
Predictably, crossovers represent the biggest segment increase, accounting for 49 percent of the total, followed by light trucks at 28 percent. Passenger car segments including luxury/sport, mid/large, and small, on the other hand, represent less than ten percent of the total.
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