Electric Vehicle Market Forecasts : Global Forecasts for Light Duty Hybrid, Plug-In Hybrid, and Battery Electric Vehicle Sales and Vehicles in Use: 2014-2023 - Reportlinker Review
NEW YORK, Sept. 17, 2015 /PRNewswire/ -- The rapidly changing market for electric vehicles (EVs), which includes hybrid, plug-in hybrid, and battery electric vehicles (HEVs, PHEVs, and BEVs), is a small but important part of the global automotive industry. Governments worldwide are keen to see increasing penetrations of EVs due to the environmental, economic, and energy security benefits they provide. Consequently, governments have both pushed automakers to develop EVs and incentivized citizens to buy them.
Furthermore, the market for vehicles that reduce fuel consumption is becoming more competitive due to other fuel efficient and alternative fuel technologies. Of note are fuel efficiency advances made to conventional internal combustion engines (ICEs) through stop-start technologies, the use of lightweight materials for body panels and chassis, engine downsizing, and growing interest in diesel. Growth in HEV, PHEV, and BEV platforms will be contingent upon expanding EV availability outside of the small hatchback segment into larger vehicle formats such as SUVs and trucks. According to Navigant Research, the global light duty EV market is expected to grow from 2.7 million vehicle sales in 2014 to 6.4 million in 2023 under a base scenario.
This Navigant Research report provides forecasts, market sizing, and market share analysis for the overall light duty vehicle (LDV) market and light duty HEVs, PHEVs, and BEVs. Global forecasts for annual LDV sales and vehicles in use, segmented by scenario (conservative, base, and aggressive), world region, key country, drivetrain, class, and automaker, extend through 2023. Also provided are forecasts by automaker and vehicle class (luxury vs. economy), along with discussion of the underlying forecast assumptions such as lithium ion (Li-ion) energy density, Li-ion battery prices, and retail fuel prices.
Key Questions Addressed:
How will the growth rates of light duty hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) vary by region and country through 2023?
How many light duty HEVs, PHEVs, and BEVs will be on the roads through 2023?
What are the key factors driving growth in the light duty electric vehicle (EV) market?
How will light duty HEV, PHEV, and BEV sales be affected by other fuel efficient and alternative fuel technologies?
Which HEV, PHEV, and BEV models are expected to be launched between 2014 and 2016?
What are the current government policies regarding EVs and how will changes affect sales?
How will fuel prices and advances in lithium ion (Li-ion) batteries affect light duty EV sales?
Who needs this report?
Automotive OEMs
Electric vehicle (EV) component manufacturers and suppliers
EV charging equipment manufacturers
Energy service companies (ESCOs)
Utilities
Government agencies
Industry associations
Investor community
Read the full report: http://www.reportlinker.com/p02446696-summary/view-report.html
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