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

  • September 26, 2024
    Esri maps cause and effect
    The work of the Connecticut Transportation Safety Research Center means engineers can concentrate on developing more effective safety measures, rather than having to sort out raw crash data
  • October 23, 2023
    ‘What’s the optimum number of cooks?’ asks Valerann
    ITS Software as a Service specialist explains in detail how cross-source, cross-type, deep data fusion is solving global traffic accident conundrums
  • April 25, 2012
    Global ADAS market will approach $10 billion this year
    Advanced Driver Assistance Systems (ADAS) have been expensive add-on technical features for luxury vehicles for over 10 years, but during 2011, or perhaps more accurately Model Year 2012, features such as adaptive cruise control, lane departure warning, and low-speed collision mitigation will finally become available on higher-volume models such as the Ford Focus and Mercedes Benz C-Class.
  • November 9, 2012
    ITS America’s latest report - vehicle electrification and the smart grid
    The latest report from the Intelligent Transportation Society of America (ITS America), entitled Vehicle Electrification and the Smart Grid - The Supporting Role of Safety and Mobility Services, is to be presented in a webinar hosted by Dr Kenneth Laberteaux, Senior Principal Research Scientist at Toyota Research Institute-North America. The webinar, entitled What’s Driving All This Driving? will be held on 15 November, at 1 p.m. Eastern Time. Click here for more information and to register. The report is