Electric Vehicles to grow 23% through 2015 - Industry

From: MarketResearch.com 

A Global Market Overview by Industry Experts in Electric Vehicles, Manufacturing, Battery Technology

Countries covered: Global`The widespread acceptance of vehicles incorporating hybrid technology has been the result of growing awareness among consumers, governments and car producers that this technology is here to stay and has to be accepted with open arms. The last decade has witnessed rapid technological advancements in hybrid vehicles, thereby improving their efficiency, and the volatile oil prices have also contributed towards a change of mindset, with more and more motorists opting for the fuel efficient and eco-friendly hybrid car.

The market for hybrid technology types analyzed in this study include Series/Parallel, Parallel, Two-Mode and Others including Plug-In hybrid type. The report analyses the market in both in terms of unit sales and market value. Authentic sales analysis has been conducted for global auto giants such as Ford, General Motors, Honda, Lexus, Mercedes, Nissan and Toyota. The study also focuses on Key players such as Hyundai, KIA and BYD F3DM in their respective regions. Sales of Hybrid Electric cars are estimated at 940.3 thousand units in 2010 and are expected to cross the 1 million unit mark in 2011. The Market for Hybrid Electric cars is expected to register an impressive CAGR of 22.9% during 2006-2015 to reach 2.5 million units by 2015.