10/10/2018 · A dra move away from ICE-only vehicles is expected and by 2025 only plug-in electric vehicles and HEVs will likely be sold. Over that time period, J.P. Morgan forecasts sales of plug-in electric vehicles in Japan and Korea will reach 384,000 vehicles, representing a market share of 6%, while HEVs will approach 1.8 million vehicles or 27% of total sales.