Report Highlights
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The global electric vehicle market in 2009 was worth more than $26 billion, including more than $4.6 billion worth of associated power sources. This market is expected to grow at a compound annual growth rate (CAGR) of 18.5% between 2010 and 2015 under a consensus scenario. This will result in a $78 billion global market in 2015, along with a $7.6 billion power source market.
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The plug-in HEVs segment will experience dramatic growth. This market is expected to increase at a compound annual growth rate (CAGR) of 81.6% under a consensus scenario, from a value of $500 million in 2010 to $9.9 billion in 2015.
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The hybrid electric vehicles market is worth an estimated $19.3 billion in 2010 and is expected to reach $46.2 billion in 2015, a compound annual growth rate (CAGR) of 19.1% under a consensus scenario.
INTRODUCTION
- Batteries (HEVs, PHEVs, and EVs)
- Fuel cells
- Exotic
- Hybrid Electric Vehicles
- Plug–in Hybrid Electric Vehicles
- Electric Vehicles
- Passenger vehicles
- Low velocity
- Scooters
- Buses
- Commercial /industrial
- Niche
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Report Highlights
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Fuel cell stacks for on-the-road transportation now are a $93 million market.
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This is projected to increase at an average of 91% per year over the next five years.
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The zero-emission specialty small vehicle, valued at more than $2.7 billion, is growing 6% yearly on average.
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Hybrid vehicles, now a $719 million market in the U.S., will increase at an AAGR (average annual growth rate) of 26%.
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Fuel cell vehicles will grow at an AAGR of 84% through 2007.
Report Highlights
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The battery powered electric vehicle market is slowly developing while the hybrid electric vehicle market could move ahead more rapidly. Fuel cell vehicles, however, are in the prototype state and will not be a significant part of this discussion. An important objective, therefore, is to identify what is the most likely and seemingly most appropriate technology for each classification of vehicle.
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The big winners at the present time are the small electric vehicles. These make up about 86% of the electric vehicle market at the present time. In the near term, or within the 5-year horizon, these small vehicles will find that they make up about 42% of the total electric vehicle market. The HEV is just making its appearance on the low/no emissions scene, but in 5 years will represent about 49% of the EV genre of vehicle.
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