PARIS -- French supplier Valeo expects mild hybrid cars to make up more than 25 percent of the world car market in 2026, its innovation director Guillaume Devauchelle said on Tuesday.
Valeo manufactures the electric devices that assist cars' combustion engines in mild hybrids and allow them to reduce carbon emissions.
The share of cars running on such engines will represent 27 million in 2026, Devauchelle said. However cars running on or partly on gasoline will remain the majority for a long time as the transition to full-electric cars will be gradual, he said.
Valeo ranks No. 9 on the Automotive News Europe list of the top 100 global suppliers with worldwide original-equipment automotive parts sales of $19.3 billion in 2017.