•  Bank trims forecast for battery-electric vehicle market share
  •  HSBC sees 2020 ‘inflection point’ as battery costs decline

High prices for lithium and cobalt will hinder sales growth in battery-powered vehicles the next few years, according to HSBC Holdings Plc.

At the same time, HSBC has doubled their forecast for plug-in hybrid EVs to 5.5 percent of the market by 2025, from 2.4 percent.