Hybrid & Electric Vehicle Progress Review 2010
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.
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.
The HEV and PHEV battery market is expected to grow at a compound annual growth rate (CAGR) of 15% over the next 5 years, from $1.3 billion in 2009 to reach more than $2.6 billion in 2014.
Imagine a vehicle that looks like the Smart car from Daimler. Its history traces back through Ford to Norway and a hook up with Ener1 as the battery supplier. Pricing is reported as a little less than $20,000 without batteries and using the expected federal tax credit. Some assembly is required as it needs batteries.
- Provides a comprehensive review of all major news and other events that affect the global market for products, systems and services used in the global market for hybrid and electric vehicles in 2009
- Covers technological advances in hybrid and electric vehicles and battery technology
- Highlights business developments such as significant contracts, mergers, acquisitions, alliances, joint ventures and partnerships
- Looks at efforts by federal, state, and local governments to promote use of hybrid and electric vehicles
- Investigates and reviews major research and development efforts
- Reviews current and pending legislation that may affect industry growth.
- The global market for large and advanced batteries increased from $8.4 billion in 2006 to $8.9 billion in 2007. It should reach $11.4 billion by 2012, a compound annual growth rate (CAGR) of 5.1%.
- The global market for new components used in hybrid electric vehicles was worth $1.6 billion in 2005 and is expected to continue growing at a CAGR of 24% through 2010.
- Hybrid car owners are the most loyal buyers, with 47% purchasing another vehicle of the same make. The average consumer loyalty for all vehicle classes is 35%.
The 2007 Hybrid & Electric Vehicle Progress Review provides a comprehensive summary of all major news and other events that affect the global market for electric, hybrid, and fuel cell vehicles in 2007. Included is coverage of:
- Technology advances
- Business developments such as mergers, acquisitions, alliances, joint ventures, and partnerships
- Major initiatives by automakers to promote use of alternative vehicles
- Efforts by federal, state, and local governments to promote use of alternative vehicles
- Research and development
- New alternative vehicles designs
- Battery developments
- Current and pending legislation that may affect industry growth
- Key industry events.
We hope you will find this Review valuable, and we look forward to another year of serving our customers' technology market research needs.
Kevin R. Fitzgerald