Skip to main content

Electric vehicles will be a US$731 million market in ten years, say researchers

The latest IDTechEx Research overview report, Electric Vehicles 2017-2037: Forecasts, Analysis and Opportunities, forecasts that electric vehicles will be a US$731 billion market in 2027, profoundly changing society by 2037. This report provides forecasts in numbers and value for 45 types of electric vehicle across land, water and air. We have taken a bottom up approach in assessing each of these 45 vehicle types. The fact-based number and value ten year forecasts in these 45 categories and the twenty y
March 16, 2017 Read time: 2 mins
The latest 6582 IDTechEx Research overview report, Electric Vehicles 2017-2037: Forecasts, Analysis and Opportunities, forecasts that electric vehicles will be a US$731 billion market in 2027, profoundly changing society by 2037. This report provides forecasts in numbers and value for 45 types of electric vehicle across land, water and air. We have taken a bottom up approach in assessing each of these 45 vehicle types.
 
The fact-based number and value ten year forecasts in these 45 categories and the twenty year technology roadmaps are the result of intense travel, global interviews, conference attendance, primary interviews with EV leaders and informed calculation by PhD level IDTechEx analysts who are leading experts in the industry.
 
A major focus of this overview report is the vehicles themselves, from personal manned multi-copters to e-buses straddling traffic, showing the gaps in the market. This report prioritises commercial success factors and provides detailed statistics to support informed action plans. Unlike some IDTechEx is not uniformly enthusiastic about everything. Indeed certain technologies will to be squeezed out to become merely niche activities and this report looks at where, when and why.
 
The key enabling technologies for the future, covered in later chapters, are changing radically with multiple reversing motor generators and multiple energy harvesting including multiple electrical recuperation among those coming to the fore.

Related Content

  • December 20, 2016
    Electric vehicles in construction are the future, say researchers
    The industrial and commercial sector is the largest part of the electric vehicle value market and that will continue to be the case according to analysis in the IDTechEx report, Industrial and Commercial Electric Vehicles 2017-2027. Buses are the largest part of that and they are mainly made in China for China, where typical orders are ten times the size of orders elsewhere. Less dramatically, construction, mining and agriculture do not see 70 per cent grants for EV versions yet they are steadily becomin
  • April 24, 2015
    Report: Invest now in fuel cell vehicles?
    According to IDTechEx, there is divided opinion on future of traction fuel cells in electric vehicles, though few argue any more that they will power the majority of electric vehicles (EVs). Nonetheless some manufacturers are very enthusiastic and now could be the beginning of the end of the trough of disillusionment, indeed the time to invest, as analysed in the IDTechEx report Fuel Cell Electric Vehicles 2015-2030: Land, Water, Air. A comparison of views by IDTechEx) found that Toyota, Nissan, Honda,
  • December 5, 2016
    Biggest change in cars for 100 years now starting, says IDTechEx Research
    According to a new report from IDTechEx Research, Electric Car Technology and Forecasts 2017-2027, the biggest change in cars for one hundred years is now starting. It is driven by totally new requirements and capabilities. They will cause huge new businesses to appear, but some giants will spectacularly go bankrupt. Cities will ban private cars but encourage them as autonomous taxis and rentals. Already 65 per cent of cars in China are bought by businesses. The Japanese want the car to be part of the hy
  • March 20, 2015
    Autonomous vehicles are everywhere says report
    A new IDTechEx report, Autonomous Vehicles: Land, Water, Air 2015-2035 claims autonomous vehicles are successful here and now but you are unlikely to meet one because the successes are in the upper atmosphere, open cast mines, nuclear power stations, underwater and in other relatively inaccessible places. It goes on to explains that the primary technology of an autonomous vehicle is that which confers autonomy and the powertrain, which is usually electric. The powertrain and navigation and control technolo