Valeo estimates mild hybrids will take more than 25% of global car market

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.

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, according to Automotive News.

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 posted worldwide original-equipment automotive parts sales of $19.3 billion in 2017.