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Global Electric Vehicle Market 2009-2013
Infiniti Research Limited, April 2010, Pages: 24
Electric vehicles have been rapidly infiltrating the global automobile market by providing zero emission, fuel-efficient and easy maintenance options for the consumers. The technological enhancements in the electric vehicle batteries with minimal by-products has helped the electric vehicle to transverse into diverse market segments.
The growing awareness for Greener technology has been the primary driver for increased electric vehicle demand. Such vehicles have zero-emission, and use alternate energy sources (like fuel cells and hydrogen) to completely metamorphise the automobile industry. Advanced regenerative brake-recharging and nanotechnology developments are making batteries for electric cars lighter, longer lasting, and less expensive. Hence, the greater adaptability and durability of batteries has allowed electric vehicles to mass penetrate into dispersed market regions
The asymmetrical market structure and relatively low entry barriers have led to fluctuating market shares among automakers and semi-fluid players. Further, steady standardization, high fuel prices and better cross-industry integration have helped the electric vehicle market expand laterally. However, the lack of comprehensive infrastructure, phase development cycles and inherent vehicle-battery limitations are a few factors that have adversely affected the growth of the Global Electric Vehicle and Battery market.
This report by Technavio highlights scope of the Global Electric Vehicle Battery market, along with trends, drivers, growth inhibitors and a few major vendors in the market.
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