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.

For more information on companies in this article

Related Content

  • Level 4/5 autonomous driving will be possible in the next five years, says research
    May 9, 2017
    Growing consumer preference for convenience-enhancing technologies and automobiles-as-a-service options helped double the adoption of vehicles with automated driving features in 2016, says Frost & Sullivan’s mobility team. Going forward, large-scale investments from original equipment manufacturers (OEMs) will refine the use of artificial intelligence (AI) and cognitive cloud-based technology solutions even further, enabling level 4/5 autonomous driving within the next five years. Retrofitted automated driv
  • Assessing the potential of in-vehicle enforcement systems
    December 4, 2012
    Jason Barnes considers the social and ethical ramifications of using in-vehicle safety technologies to fulfil enforcement functions. Although policy documents often imply close correlation between enforcement, compliance and safety – in part, as a counter to accusations that enforcement is rather more concerned with revenue generation – there is a noticeable reluctance among policy makers and auto manufacturers to exploit in-vehicle safety systems for enforcement applications. From a technical perspective t
  • Electric vehicles accounted for largest share of hybrid and EV battery market in 2015
    June 16, 2016
    According to research by P&S Market Research, the global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20 per cent in terms of value during 2016-2022. The report, Global Hybrid and Electric Vehicle Battery Market Size, Share, Development, Growth and Demand Forecast, claims that, among the various applications, the electric vehicle segment accounted for the largest share (46.5 per cent) of the hybrid and electric vehicle battery market in terms of value in 2015. Electric vehi
  • How can US transportation be ‘re-envisioned’?
    October 17, 2019
    In her address to this year’s ITS America Annual Meeting, congresswoman Eleanor Holmes Norton, chair of the House Subcommittee on Highways and Transit, called for a ‘re-envisioning’ of transportation. Her speech is below – and ITS International asks a number of US experts what they would like to see ‘re-envisioned’…

    I would like to welcome  ITS America to the nation’s capital.