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

  • Authorities switch on to all electric buses as costs tumble
    January 9, 2018
    Alan Dron looks at changes in bus propulsion as cities look to improve air quality and seek to reduce maintenance costs. Despite the ending of various incentives to adopt alternative fuels, the introduction of electric buses by US transit authorities is picking up speed as performance improves, costs drop and air quality considerations become increasingly significant. More US bus manufacturers are introducing zero-emission models and some recent contracts will see many more passengers getting their first
  • RAC survey shows big safety gains with average speed enforcement
    January 11, 2017
    Cheaper and easier communications are providing authorities with new options for influencing driver behaviour. Colin Sowman reports. It’s official; Average speed cameras (ASCs) cut the number of fatal or serious injury crashes by more than a third.
  • The future of ITS post recession
    January 25, 2012
    ACS, A Xerox Company's Cees de Wijs talks about post-recession recovery and what we might expect to see in the coming years
  • EU funding for transport research projects
    May 11, 2015
    The EU's TEN-T programme has awarded 75 research and innovation projects a total of US$540 million in research grants, aiming to make Europe's transport systems greener, safer, and more competitive. All transport modes are covered including road, rail, water and air transport, as well as environmentally friendly vehicles, intelligent transport systems (ITS) and improvements to logistics and freight systems. Numerous projects are concerned with sustainable urban mobility, such as the US$4.5 million Sil