Hybrid & Pure Electric Vehicles for Land, Water & Air 2013-2023: Forecasts, Technologies, Players - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-17 00:28:02
The total market for hybrid and pure electric vehicles will grow from 38.8 million vehicles (of all types) in 2013 to 116 million vehicles in 2023 - a $294 Billion market.
Pure electric car sales in 2013 will be just 70,000 vehicles rising to 2 million in 2023, versus 2 million hybrid vehicles this year rising to 7.6 million in 2023. Of course, the big unit numbers come at the small end - most of the unit volume in 2013 will be for two wheeled vehicles - 32 million vehicles in 2013 rising to 94 million in 2023, albeit at far lower average price points.
Hybrid and pure electric cars will be almost half the total value of all electric vehicles in 2023, but less profitable than other vehicle types.
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