NewEnergyNews: WHERE IN THE WORLD THE EV MARKETS ARE

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    Friday, June 13, 2014

    WHERE IN THE WORLD THE EV MARKETS ARE

    Electric Vehicle Geographic Forecasts; Plug-In Electric Vehicle Sales Forecasts for North America and Select European and Asia Pacific Cities by State/Province, Metropolitan Area, City, and Selected Utility Service Territories

    2Q 2014 (Navigant Research)

    “…North America is the strongest market for light duty (LD) plug-in electric vehicles (PEVs), with nearly 100,000 sold in 2013. Japan is a distant second, with just under 30,000 sales, followed by the Netherlands (over 23,000) and China (over 17,000). Navigant Research expects that the United States will be the largest market for PEVs during the next 10 years, with LD PEV sales exceeding 514,000 in 2023…[The top cities] are expected to be Los Angeles, Paris, and Tokyo…Navigant Research forecasts that the global LD PEV market will grow at a compound annual growth rate (CAGR) of 24.6% while the global market for LD vehicles will grow at a CAGR of only 2.6%. How and where PEVs are bought will affect grid distribution systems and utility business models since Navigant Research estimates PEVs increase residential customer load by 33% to 37%...” click here for more

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