TechNavio's analysts forecast the Global Electric Vehicle (EV) market to grow at a CAGR 20 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing need for energy independence. The Global EV market has also been witnessing increased awareness of the need to reduce emissions from vehicles. However, limited performance could pose a challenge to the growth of this market.
TechNavio's report, the Global Electric Vehicle Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global EV market 2011-2015 landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Toyota Motor Corp., Honda Motor Co. Ltd., Ford Motor Co., and General Motors Corp.
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