Strategic Outlook of Global Electric Vehicle Market in 2014
This research service offers a global 2013 outlook 2013 of the electric vehicles (EV) market. It provides an overview of the EV industry performance in 2013, and the key markets and challenges. The report also provides a snapshot of the market for electric buses and trucks and a complete review of the EV market in 2013 and its impact on 2014 is performed. Significant competition in the plug-in hybrid and premium luxury car segments is expected in 2014. China is likely to emerge as one of the leaders in EVs in the long term. The growth of charging station infrastructure and the emergence of inductive charging are key trends discussed in the study.
Electric Vehicle (EV) Market—Top 7 Predictions for 2014
After years of evaluation and trials, the German Vehicle manufacturers have array of electric vehicles (Battery Electrics, Range Extenders & Plug-in Hybrids) ready to launch in the global markets
Electric Vehicles continue to penetrate markets: EV demand were up to Frost & Sullivan expectations in 2013. In March 2013, Frost & Sullivan estimated an EV sales of units globally and in actual about EVs were sold by the end of December 2013. Year-on-year growth for 2014 is expected at -% with units at -EVs.
Rise of the German Vehicle Manufacturers: After years of evaluation and trials, the German Vehicle manufacturers have array of electric vehicles (Battery Electrics, Range Extenders & Plug-in Hybrids) ready to launch in the markets – BMW i3 & i8; Mercedes S class, B class & Smart for two, Volkswagen Golf & eUp!
Year of Luxury/premium Vehicles and Plug-in Hybrids: A line up of high-performance EVs is ready for launch in 2013/14, including the BMW i8, the Tesla Model S, the Audi R8 and Q7, the Porsche 918 Spyder, and the Mercedes SLS AMG ECell. Ford and Honda are introducing a new range of plug-in hybrids, and the Toyota Prius PHV is expected to capitalise on sales.
Reality Check on Incentives for Electric Vehicles: The incentives will begin to slowly phase out by 2015 (For instance UK is expected to slowly phase out incentives starting 2014, Netherlands likely to phase out Road Tax & VAT in 2015) leaving the OEMs pressurized to reduce the EV ownership cost to the consumer.
More clarity expected on Inductive Charging: Post testing and offering trails for inductive charging, OEMs are expected to come out with adoption plans for inductive charging for electric vehicles (Busses & passenger cars)
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