in News Departments > New & Noteworthy
print the content item

Annual worldwide sales of electric vehicles (EVs) will reach 3.8 million by 2020, according to a new report from Pike Research, a part of Navigant's Energy Practice.

"Sales of EVs have not lived up to automakers' expectations and politicians' proclamations, but the market is expanding steadily as fuel prices remain high and consumers increasingly seek alternatives to internal combustion engines," says senior research analyst Dave Hurst. "Indeed, sales of plug-in EVs will grow at a compound annual growth rate of nearly 40 percent over the remainder of the decade, while the overall auto market will expand by only two percent a year.”

The plug-in electric vehicle sector can be split into two vehicle categories: plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). According to the report, the number of PHEVs sold in most regions is expected to be lower than BEVs, except for in North America and Latin America. In these regions, the longer driving range of PHEVs is expected to prove more attractive to consumers. In other regions, the high cost of petroleum fuels, large number of BEVs available and dense urban areas are anticipated to contribute to higher sales of BEVs than PHEVs.




Hse SandyHook
Latest Top Stories

New Study Underscores Value Of Customer Engagement, Ranks Most-Trusted U.S. Utilities

According to the report, which analyzes 125 utilities across the country, earning a customer's trust can lead to monetary gains.


Washington State Doles Out Cash For Utility Energy Storage Projects

Three utilities have been awarded millions of dollars in grants to explore energy storage technology that could help integrate renewable and improve the power grid.


Utilities Reveal Just How Much Customers Are Saving With Energy Efficiency Programs

Two U.S. utility companies have issued progress reports and solid numbers regarding their respective initiatives.


Middle East And North African Countries To Spend Billions On Smart Grids, Solar Integration

According to a new report from Northeast Group LLC, the MENA region will make big investments to modernize the grid and add more solar power by 2024.


Ohio Halts Renewables, Efficiency Mandates For Two Years

Gov. John Kasich has signed into law a freeze of the state's Alternative Energy Portfolio Standard - a move praised by some utilities and protested by the renewables community.

S&C Electric_id176
edf_id180