The total global gross value market for electric
vehicles will reach US$334 Billion within the decade, from a current
value of US$69 Billion, forecast analysts IDTechEx. This will primarily
consist of large or very heavy duty vehicles, neither of which is
primarily bought on up-front price. These military, industrial and
commercial vehicles are evenly split between on-road and off-road types,
but with a multi-billion dollar marine sector coming up fast.
Toyota has EV sales that dwarf those of its next nine competitors put
together because it is number one in electric forklifts and hybrid cars
and near the top with its electric buses. It cross fertilises the
technologies in these sectors and continues to widen its portfolio, a
variant on an electric motorbike being the latest example. Chairman of
IDTechEx, Dr Peter Harrop says, "Companies entering the top ten over the
coming decade will be ones with a broad approach and/or backing the next
winners such as Yutong in the Chinese e-bus market, since China will buy
over 80% of the world's e-buses."
The unique report Electric Vehicle Forecasts, Trends and Opportunities
provides information essential for those seeking to dominate niches or
volume sales of electric vehicles by making either the vehicles
themselves or their components, all of which are rapidly changing.
sometimes replace traction batteries, Silicon carbide and gallium
nitride power components will partly replace silicon ones and multiple
energy harvesting will become commonplace. Even the vehicles themselves
are radically changing. Pure electric buses are becoming more popular
than hybrid ones and a large market for small electric aircraft and
robot lawnmowers is expected near the end of the coming decade. At this
time pure electric cars will take off in sales as range improves up to
five fold, due to much more than improvement in batteries, and cost
becomes acceptable for mass use.
Meanwhile, a new sector is growing rapidly - the car-like vehicles that
are not homologated as cars so they are simpler and much lower in cost.
These are the MicroEVs homologated as quadricycles in Europe, and aimed
at massive markets such as electrifying the 3.2 million highly polluting
three-wheeled taxis in the Philippines.
For more information about IDTechEx visit http://www.idtechex.com