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Market News

 December 17, 2009
Electric Vehicles 10 Predictions for 2010

 Hundreds of thousands of electric vehicles (EVs) will be driving the world's roadways within the next five years. 

This will have obvious impacts on the automotive industry, utilities and consumers, but deeper analysis reveals trends that will reshape the way vehicles are built and used.  By looking beyond the market data, we have identified 10 key trends to watch out for as the EV market takes shape.

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 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."

Pike Research's "10 Predictions for 2010″ white paper explores hot topics including the true cost of  owning an EV versus a gasoline vehicle, key challenges facing OEMs as they prepare for the mainstream launch of PHEVs, the role of Lithium Ion batteries, and utility grid infrastructure upgrades that will be required to support the adoption of EVs.  Conclusions and predictions in this paper are drawn from our in-depth coverage of the Clean Transportation industry, and market forecasts are included for key sectors.

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.

The white paper is published in partnership with HybridCars.com. Click here to sign up for a free HybridCars.com account.

What Does This Report Answer?
  • When will Vehicle to Grid services take off?
  • Will plug-in and electric vehicles cause a reduction in demand for hybrids?
  • How will the plug-in hybrid market evolve?
  • Which region of the world will dominate the production and use of electric vehicles?
  • What is the grid's weak link in meeting the power demand of EVs?
Who Needs This Report?
  • Automotive industry
  • Fleet managers
  • Battery suppliers
  • Stationary energy storage suppliers
  • State and federal legislators
  • Smart grid companies

Download the free report here

Source: www.pikeresearch.com