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

  • New way of ‘harvesting’ energy from shock absorbers ‘could benefit transport industry’
    October 31, 2016
    A UK university student researcher has made a breakthrough by designing and constructing a new system which ‘harvests’ the energy generated by a vehicle’s shock absorbers and feeds it back into batteries or electrical systems such as air conditioning. Ruichen Wang from the University of Huddersfield carried out the project to obtain his doctorate at the University and has published his findings. The article, Modelling, Testing and Analysis of a Regenerative Hydraulic Shock System, provides a summary of
  • UK should consider 'road miles' pricing, says AA
    June 8, 2020
    Motoring organisation urges 'more radical thinking' after lockdown
  • The downside of driverless vehicles
    October 27, 2016
    Driverless cars will have a detrimental effect on congestion and security while the road safety benefits can be achieved sooner and cheaper using ADAS, argues Colin Sowman. Many Governments are consulting about the introduction of driverless vehicles and even running trials. As 70% or 80% of crashes are caused by human error, the promise of a crash-free future of driverless, self-driving or autonomous vehicles (call them what you will) is alluring, as are the claims of reduced congestion and lower emissions
  • Almost ten per cent growth predicted for road safety market by 2021
    November 3, 2016
    According to a new market research report "Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection System, Bus Lane Compliance, and Automatic License Plate Recognition), Service (Consulting & System Integration and Risk Assessment) - Global Forecast to 2021", published by MarketsandMarkets, the road safety market is estimated to grow from US$2.60 billion in 2016 to US$4.06 billion by 2021, at a compound annual growth rate (CAGR) of 9.3% during the forecast period. The