2010 Will Be a Pivotal Year for Electric Vehicles

December 17, 2009

Hundreds of thousands of electric vehicles (EVs) will be driving the world’s roadways within the next five years.  While the full effects of this automotive revolution will take years to be realized in the mainstream market, its impact on auto manufacturers, battery makers, utilities, and smart grid companies will be profound.  According to a new white paper from Pike Research, 2010 will be a critical year for the emerging EV industry.  The paper, which includes 10 predictions about the EV market in 2010, is available for free download on Pike Research’s website.

“The electric vehicle market is full of myths and misinformation,” says senior analyst John Gartner.  “Our analysis shines a bright light on key business and technology issues in the EV industry and reveals important truths about how the market will evolve in 2010 and beyond.”

A few of Pike Research’s industry predictions include the following:

  • The cost of owning and driving an electric vehicle is not likely to be cheaper than using gasoline.
  • The plug-in hybrids of 2020 may not resemble the plug-ins of 2010.
  • Lithium Ion batteries sold with the first EVs may have little to no resale value.
  • Asia will be the dominant supplier and consumer of electric vehicles and batteries.
  • The grid as a whole will accommodate and even benefit from EV charging, but some neighborhoods with multiple EVs could overwhelm utility equipment.

Pike Research’s paper, “Electric Vehicles:  10 Predictions for 2010”, explores hot topics in the EV world and assesses their impacts on key industry players.  Conclusions and predictions in the paper are drawn from the firm’s in-depth coverage of the Clean Transportation industry, and market forecasts are included for key sectors.  A full copy of the white paper is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.  The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Clean Transportation, Clean Industry, Corporate Sustainability, and Building Efficiency sectors.  For more information, visit www.navigantresearch.com or call +1.303.997.7609. 

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Lithium Ion Batteries for Consumer Electric Vehicles Will Surpass $24 Billion in Annual Revenue by 2023
July 22, 2014Automakers have yet to agree on battery performance standards, report finds • Lithium ion (Li-ion) batteries have emerged as the leading battery technology for a wide…
Read More »
Wind Power Will Deliver More Than 7 Percent of the World’s Electricity by 2018
July 21, 2014Offshore wind is expected to grow strongly in the next 4 years, report finds • Headwinds in several key markets, including the United States and Spain slowed growth in…
Read More »
LED Luminaires and Lamps for High-Bay Lighting Applications Will Reach $7 Billion in Annual Revenue by 2021
July 17, 2014 Cost and energy savings make more expensive LEDs economical, report concludes • The market for high-bay lighting in commercial buildings is undergoing a rapid shift from…
Read More »
Autonomous Vehicles Will Reach Nearly 95 Million in Annual Sales by 2035
July 16, 2014Legislative and regulatory issues present the highest barriers to introduction, report concludes • Autonomous, or self-driving, vehicles have been a goal of automotive engineers for many years. …
Read More »
View All News

{"userID":"","pageName":"2010 Will Be a Pivotal Year for Electric Vehicles","path":"\/newsroom\/2010-will-be-a-pivotal-year-for-electric-vehicles","date":"7\/22\/2014"}