Full electric vehicle shipments to exceed 2 million by 2020

According to ABI Research, the number of full electric vehicles (EV) shipping yearly will increase from 150,000 in 2013 to 2.36 million in 2020, representing a CAGR of 48 per cent. Asia-Pacific will exhibit the strongest growth, driven by mounting pollution issues in its many megacities; however, true mass-market uptake will only start happening in the next decade.
October 11, 2013 Read time: 2 mins
According to 5725 ABI Research, the number of full electric vehicles (EV) shipping yearly will increase from 150,000 in 2013 to 2.36 million in 2020, representing a CAGR of 48 per cent. Asia-Pacific will exhibit the strongest growth, driven by mounting pollution issues in its many megacities; however, true mass-market uptake will only start happening in the next decade.

"Overall, EV sales have been disappointing so far due to a lack of choice and perceived personal benefits, high purchase prices, and most importantly, consumer anxiety about range, maximum speed, recharging times, and the lack of public charging infrastructure. However, with many car OEMs recently dropping prices and offering more choice and improved performance, full electric vehicles are on the verge of leaving their eco niche of environmentally aware and socially responsible buyers, illustrated by car OEMs such as 1731 BMW, 2069 Daimler, and 994 Volkswagen investing heavily in electrification. Importantly, a range of emerging automotive technologies such as carbon-fibre materials, wireless in-car networking technologies, active safety including pedestrian detection and autonomous driving, connectivity, car sharing, and smart grid demand response features will support the electric automotive revolution as all new paradigms are mutually reinforcing each other," comments VP and practice director, Dominique Bonte.

However, the role of governments in supporting the case of EVs through tax rebates and subsidies, stimulating the roll out of public charging infrastructure, exempting EVs from toll in congestion zones, allowing EVs on High Occupancy lanes, providing free parking, and mandating very aggressive emission standards will remain critical during the remainder of this decade.

Ultimately the connected, autonomous EV will form an intrinsic part of the IoT (internet of things), with vehicles relying on and contributing to the emergence of intelligent road infrastructure including wireless charging, smart grids, digital homes and remote healthcare while realising the promise of safe, convenient, efficient, affordable and sustainable transportation.

For more information on companies in this article

Related Content

  • After two decades of research, ITS is getting into its stride
    June 4, 2015
    Colin Sowman gets the global view on how ITS has shaped the way we travel today and what will shape the way we travel tomorrow. Over the past two decades the scope and spread of intelligent transport systems has grown and diversified to encompass all modes of travel while at the same time integrating and consolidating. Two decades ago the idea of detecting cyclists or pedestrians may have been considered impossible and why would you want to do that anyway? Today cyclists can account for a significant propor
    Read More
  • V2X trials in the US and Europe to finally kick start ITS?
    August 30, 2012
    Large scale, real-life, high profile V2V and V2I trials in both the United States and Germany are are catching the headlines, putting ITS in the limelight after more than a decade of procrastination, according to ABI research. The US DoT Safety Pilot program involves 3,000 vehicles in Ann Arbor, Michigan. In Germany, 120 vehicles in the simTD project (Safe Intelligent Mobility, test- field Germany) will roam the Rhine-Main region until the end of the year and will be focused on traffic, road safety, and ef
    Read More
  • Daimler’s double take sees machine vision move in-vehicle
    December 13, 2013
    Jason Barnes looks at Daimler’s Intelligent Drive programme to consider how machine vision has advanced the state of the art of vision-based in-vehicle systems. Traditionally, radar was the in-vehicle Driver Assistance System (DAS) technology of choice, particularly for applications such as adaptive cruise control and pre-crash warning generation. Although vision-based technology has made greater inroads more recently, it is not a case of ‘one sensor wins’. Radar and vision are complementary and redundancy
    Read More
  • Sound synthesis makes hybrid and electric vehicles safer
    January 20, 2012
    The growing popularity of hybrids and electric vehicles gives rise to new safety issues in urban environments, as many of the aural cues associated with engine noise can be missing. The solution is to intelligently make vehicles noisier. The rise in popularity of hybrids and Electric Vehicles (EVs) is a result of environmental pressures, shifts in taxation and emerging technologies for batteries and motors. Competition among the car manufacturers means these vehicles need to be cost effective to buy and ope
    Read More

Highlighted Content