In recent years, the global development of new energy vehicles has accelerated significantly. Sales of pure electric vehicles (EVs) are rising year by year, particularly in China, Europe, and North America, where policy support and consumer demand have boosted EV penetration. However, industry experts generally agree that within the next 5–10 years, EVs will not completely replace the traditional internal combustion engine (ICE) and hybrid vehicle markets.
First, in terms of global market structure, ICE vehicles still dominate. According to data from the International Energy Agency (IEA), as of 2024, more than 80% of the global vehicle fleet still consists of ICE and hybrid vehicles. This means a large number of vehicles on the road will continue to require maintenance, ensuring steady demand for components such as ignition coils and spark plugs.
Second, hybrid vehicles (HEVs and PHEVs) continue to show strong growth across many markets. Compared with pure EVs, hybrids strike a balance between fuel efficiency and convenience, making them particularly attractive in emerging markets where charging infrastructure remains limited. Research suggests that hybrid sales will maintain an annual growth rate of over 5% in the coming years.
Third, infrastructure and cost factors remain major barriers to full EV adoption. In many countries, charging networks are still underdeveloped, while battery costs and driving range continue to affect consumer confidence. As a result, ICE and hybrid vehicles are expected to remain competitive for an extended period.
Moreover, emission and environmental regulations are driving innovation in ignition systems. High-efficiency ignition coils and long-life spark plugs help improve combustion performance, reduce fuel consumption, and lower emissions—meeting increasingly strict global standards.
In conclusion, while EV penetration will continue to rise, traditional ICE and hybrid vehicles will remain dominant in the short term. This trend ensures sustained demand in the automotive aftermarket, providing stable opportunities for ignition system component suppliers worldwide.
