While the penetration of plug-in electric vehicles (PEVs) will remain low for the foreseeable future in relation to the total light-duty-vehicle market, global PEV sales volumes will cross the 1 million-unit threshold for the first time by 2015, according to a recent report by Pike Research.
Among the two types of plug-in electric vehicles, battery electric vehicles (BEVs) will have the edge on a worldwide basis, with 56% of total PEV sales in 2015. BEVs will be especially popular in the Asia Pacific region – which will represent more than half the total global market – as well as in Europe.
However, in the U.S. and Canada, plug-in hybrid electric vehicles (PHEVs) will be the clear choice due to their extended driving range and gasoline engine fallback option. In those markets, plug-in hybrids will represent 71% of all PEV sales in 2015, Pike Research forecasts.
The report, “Plug-in Electric Vehicles,” analyzes opportunities and challenges in the emerging market for PHEVs and BEVs. The report provides an examination of electric drivetrain and battery technology, advanced battery research, government incentives and regulations, and key drivers of market growth. The study also includes forecasts through 2015 for light-duty-vehicle sales and production; hybrid, PHEV and BEV vehicles in world regions; as well as vehicle segments and selected manufacturers for the U.S.
For more information, visit pikeresearch.com.
SOURCE: Pike Research