IDTechEx provides forecasts and analysis of all electric vehicles, land, water
and air. IDTechEx has studied this sector for 13 years so far and each year
new categories become significant, this year being the turn for car-like
vehicles not homologated as cars to become a separately forecasted category
because of a lift-off in sales. Mainstream hybrid and pure electric cars, are
of course important and they are closely covered by IDTechEx but they are
something of a special case. Being massively loss-making, forecasting sales of
hybrid and pure electric mainstream cars is largely a matter of forecasting
very uncertain levels of industrial, government and other financial support.
They are the largest sector by value but industrial/commercial EVs are very
close behind at $93 billion in 2023 and they are already profitable for most
manufacturers.
Market for light industrial and commercial electric vehciles in 2012 in $
billion
Source: IDTechEx
10 Year Forecasts Across All EV Sectors
Mobility vehicles for the disabled and golf cars are among the very profitable
vehicles today but for specialist component and system suppliers, marine,
aircraft and military EVs are worth a look, for example. Then again, certain
EV markets are recession proof and others very recession prone. Some markets
are almost entirely in developing countries over the next decade and others
hugely concentrated in one developed country. It is therefore essential that
those anywhere in the hybrid and pure electric vehicle supply chain and other
interested parties look at the whole picture of this burgeoning, largely
profitable, disruptive business and that can best be done by reading the 24
IDTechEx reports on the subject and employing the PhD level IDTechEx
consulting team. This is the IDTechEx master report, replete with figures and
forecasts for the whole business. The other reports drill down to the vehicle,
component and system sectors involved.
Comprehensive Applicational and Geographic Spread
This report is uniquely comprehensive in applicational and geographical
spread. Primarily it presents statistics and forecasts including back up data
such as conventional vehicle sales and market drivers. There is even
comparative data such as statistics and forecasts by other analysts and by
regional trade associations. There is some coverage of technology trends and
considerable tabulation of manufacturers and by type of vehicle made and which
are world leaders in value sales and why. There is little anecdotal text and
information already available on the web, the illustrations and tables being
largely original and deriving from IDTechEx analysis and private sources as
well as extensive interviews carries out in 2013.
About IDTechEx Ltd.
IDTechEx offers independent market research and advice in selected emerging technologies to companies across the value chain, to support them in making essential strategic business decisions. Content expertise and IP in our chosen specialisms is available through provision of regularly-updated reports, advisory services, bespoke consulting services and events. Our technology experts are respected, high profile and well-connected in their fields.
Table of Contents
Table of Contents
1. EXECUTIVE SUMMARY AND CONCLUSIONS
1.1. Market sectors and technology trends
1.2. Numbers of manufacturers
1.3. Electric cars - the most unpredictable market
1.4. Market drivers
1.4.1. Market by territory
2. INTRODUCTION
2.1. Definitions and scope of this report
2.1.1. Learning from the past
2.1.2. The EV value chain
2.1.3. Key components
2.2. Pure electric vehicles
2.3. Hybrid electric vehicles
2.3.1. Largest sector by value
2.3.2. Here come range extenders
2.3.3. Second or third generation?
2.3.4. Second generation success
2.3.5. Third generation range extenders in the marketplace
2.3.6. Hybrids at no price penalty
2.4. Born electric - in-wheel electric motors
2.5. Born Electric - smart skin
2.6. Objectives
2.7. Benefits
2.8. Range extenders fuel cell, mini turbine
2.9. Electric vehicles become less poisonous
2.9.1. How green are electric vehicles really?
3. HEAVY INDUSTRIAL EVS
3.1. What is included
3.2. Future opportunities Caterpillar USA, JC Bamford UK
3.3. Nissan and Mitsubishi electric forklifts Japan
3.4. New Toyota forklifts Japan
3.5. Zheijang Goodsense Forklift China
3.6. Linde Germany, Komatsu Japan
3.7. Listing of manufacturers
3.7.1. Statistics for all types of industrial lift truck
3.7.2. Manufacturers of heavy industrial EVs
3.8. Market size
3.9. Market forecasts 2012-2023
4. LIGHT INDUSTRIAL, BUSES AND OTHER COMMERCIAL EVS
4.1. What is included
4.1.1. Sub categories
4.1.2. Buses
4.1.3. Trucks
4.1.4. Odyne hybrid truck propulsion
4.1.5. Balqon Pure Electric Trucks and Bus Drive
4.1.6. Via Motors USA
4.2. Market drivers
4.2.1. Governments get involved
4.3. Important initiatives
4.3.1. Azure Dynamics
4.4. EVs for local services
4.5. Airport EVs
4.6. Small people-movers
4.7. Light industrial aids
4.8. Listing of manufacturers
4.9. Market forecasts 2012-2023
5. MOBILITY FOR THE DISABLED
5.1. The sector with the most compelling and enduring need
5.2. The demographic time-bomb
5.2.1. Ageing population and the dependent elderly
5.2.2. Laws make mobility easier
5.3. Types of mobility vehicle
5.3.1. Growth by new market segments
5.3.2. Interchina Industry Group China
5.4. Market drivers
5.4.1. Geographical distribution
5.4.2. Needs creating new segments
5.4.3. What is driving regional differences?
5.4.4. Zhejiang R&P Industry China
5.4.5. Pride Mobility, USA
5.5. Listing of manufacturers
5.6. Market forecasts 2012-2023
5.6.1. Growth by creating new markets
6. TWO WHEELED EVS AND ALLIED VEHICLES
6.1. What is included
6.2. Prices and performances compared
6.3. Electric two wheeler companies
6.3.1. Yamaha Japan
6.3.2. Eko Vehicles hybrid scooters India
6.3.3. Interchina Industry Group foldable electric bike China
6.3.4. Honda Japan
6.3.5. Suzuki fuel cell bike Japan
6.3.6. Peugeot E-Vivacity scooter France
6.3.7. Cytronex lightweight bicycle USA
6.3.8. Daymak Canada
6.4. Market drivers
6.4.1. Bicycles and electric bicycles
6.4.2. Hybrid motorcycles
6.5. Statistics for all bicycles
6.6. Listing of manufacturers
6.6.1. China
6.7. Market forecasts 2012-2023
7. CAR-LIKE VEHICLES NOT HOMOLOGATED AS CARS: MICROEV, QUADRICYCLE, E TRIKE, NEV, GOLF CAR
7.1. Many names, common factors
7.2. Car-like vehicles that evade restrictions, taxes and other costs
7.3. Philippines: big new commitments to e trikes
7.4. Listing of manufacturers beyond golf cars
7.5. Golf cars
7.5.1. What is included
7.5.2. Market drivers
7.5.3. Listing of manufacturers
7.5.4. Market forecasts 2012-2023
8. CARS
8.1. Adoption of electric cars
8.2. US and Europe try to catch up
8.3. Rapid increase in number of manufacturers
8.4. Providing charging infrastructure
8.4.1. Recharging points
8.4.2. Battery changing points
8.4.3. Can the grid cope?
8.5. Market 2012-2023
8.6. National targets for plug-in (PHEV, BEV) on road vehicle sales
2010-2020
8.6.1. United Kingdom
9. PURE ELECTRIC CARS
9.1. Déjà; Vu
9.1.1. Pure electric cars are a necessary part of the range?
9.2. Examples of pure EV cars
9.2.1. Nissan Japan - most ambitious of all?
9.2.2. Here come the Chinese - BYD, Brilliance, Geely, Chengfang
9.2.3. Jianghsu China
9.2.4. Interchina Industry Group China
9.2.5. High performance pure EVs - Tesla USA
9.2.6. Pininfarina Bolloré Bluecar France, Italy
9.2.7. REVA India
9.2.8. Club Car USA
9.2.9. Toyota Japan
9.2.10. Detroit Electric USA
9.2.11. Tara Tiny India
9.2.12. Kleenspeed Technologies goes mainstream
9.2.13. Mitsubishi Japan
10. HYBRID CARS
10.1. Construction and advantages of hybrids
10.2. Evolution
10.3. Chevrolet Volt USA
10.4. Ford plug-in hybrid USA
10.5. Market drivers
10.5.1. Leading indicators
10.6. History of hybrids and planned models to 2013
11. MILITARY
11.1. Examples of military EVs
11.1.1. Hummer USA / China
11.1.2. Quantum Technologies USA Aggressor AMV
11.1.3. US Army trucks etc - ZAP, Columbia ParCar USA
11.1.4. Oshkosh Truck Corp USA
11.1.5. Plug-in trucks - BAE Systems UK
11.1.6. Electric robot vehicles USA
11.1.7. UQM unmanned combat vehicle USA
11.1.8. Balqon Corporation
11.2. Electric Unmanned Aerial Vehicles (UAVs)
11.2.1. Small electrical UAVs
11.2.2. SUAV batteries
11.2.3. The most successful electric UAV
11.2.4. Micro nano air vehicles
11.2.5. Large electrical UAVs
11.2.6. COM-BAT robot bat USA
11.3. Examples of military EVs - in the water
11.3.1. US Naval Undersea Warfare Center
11.4. Manufacturers of military EVs
11.5. Market forecasts 2012-2023
12. MARINE
12.1.1. Hybrid and pure electric tugboats
12.2. Market segments
12.2.1. Total market
12.2.2. Underwater
12.2.3. On the water
12.3. Commonality with land EVs
12.3.1. Grants for land and water
12.3.2. Effect of land EV manufacturers entering marine
12.4. Market drivers
12.4.1. Pollution laws back electric boats - India, Europe, USA
12.4.2. Energy harvesting superyacht UK
12.4.3. Autonomous Underwater Vehicles (AUVs) - Europe, USA
12.5. Manufacturers by country and product
12.6. Selling prices
12.7. Market forecasts 2012-2023
13. OTHER EVS
13.1. Definition
13.2. Market drivers
13.3. Listing of manufacturers by country and product
13.4. Market size and trends
13.4.1. Aircraft - Renault, Piccard
13.4.2. Solar Impulse
13.4.3. Non-military mobile robots - USA, UK, Japan
13.4.4. The Electrolux Automower Sweden
13.4.5. Rescue robots in Germany
13.4.6. Robots on Mars
13.4.7. Leisure
13.4.8. Research and hobbyist
13.5. Market forecasts 2012-2023
14. WHAT LEVEL OF RECHARGING INFRASTRUCTURE IS NEEDED?
APPENDIX 1: IDTECHEX PUBLICATIONS AND CONSULTANCY
TABLES
1.1. Categories of electric vehicle, saturating and growth subsectors
within these categories and technology trends by size/ duty cycle.
1.2. Numbers of EVs, in thousands, sold globally, 2012-2023, by
applicational sector
1.3. Explanation of trends in market numbers by sector and background
statistics and forecasts by other analysts of future numbers by sector and
country
1.4. Ex-factory unit price of EVs, in thousands of US dollars, sold
globally, 2012-2023, by applicational sector, rounded
1.5. Ex-factory value of EVs, in billions of US dollars, sold globally,
2012-2023, by applicational sector, rounded
1.6. Approximate number of manufacturers of electric vehicles worldwide in
2013 by application with numbers for China
1.7. Main market drivers 2013-2023
1.8. The value of the electric vehicle market by territory % East Asia,
Europe, North America, Other 2013 and 2023 %
2.1. Energy, number of riders and energy per 100 kilometers per person for
different on-road travel options.
2.2. Some reasons why ICE vehicles are replaced with EVs
3.1. Twenty examples of manufacturers of heavy industrial EVs by country
3.2. Percentage split of global manufacture of heavy industrial trucks
3.3. Global sales of heavy industrial EVs by numbers, ex factory unit
price and total value 2012-2023, rounded
3.4. Sales of heavy electric vehicles by region by percentage of units
4.1. 150 manufacturers of light industrial and commercial EVs and drive
trains by country and examples of their products
4.2. Global sales of buses, ex-factory unit price and total value
2012-2023, rounded
4.3. Global sales of light industrial and commercial EVs excluding buses
by numbers thousands, ex-factory unit price in thousands of dollars and total
value in billions of dollars 2012-2023, rounded
4.4. Sales of light electric/ commercial vehicles by region 2005, 2010,
2015, 2020 by percentage of units
5.1. Statistics relevant to the challenge to society caused by ageing
population
5.2. Evolution of three families of powered vehicles for the disabled
5.3. Evolution of power chairs 1980 to 2010
5.4. Evolution of scooters for the disabled 1980 to 2010
5.5. The continental percentage split of markets for vehicles for the
disabled by value in 2012
5.6. The percentage split of market for vehicles for the disabled by
country within Europe
5.7. The numbers in thousands of scooters plus power chairs that were and
will be sold in Europe 2005 to 2015
5.8. Features of mobility vehicles that may hold up the price by offering
more in future
5.9. The percentage distribution of manufacture between Taiwan and
Mainland China by value of vehicles for the disabled 2005, 2010 and 2015
5.10. Market for EVs for the disabled by geographical region, ex works
pricing and percentage split in 2005, 2010 and 2020
5.11. 82 examples of manufacturers of EVs for the disabled by country
5.12. Global sales of EVs used as mobility aids for the disabled by
number, ex factory unit price in thousands of dollars and total value in
billions of dollars, 2012-2023, rounded
6.1. Prices and performance of electric two wheelers
6.2. 70 examples of manufacturers of two wheel EVs and electric quad bikes
6.3. Largest suppliers of electric bicycles by number (not in order)
6.4. 34 sources of two wheelers in China by brand, region and battery
chemistry
6.5. Listing of light electric scooter makers in China. Most use lead-acid
battery chemistry but there is a move to lithium-ion batteries
6.6. Global sales of two wheel and allied EVs number, ex-factory unit
price in thousands of dollars and total value in billions of dollars
2012-2022, rounded
6.7. Sales of Light Electric Vehicles LEVs (two wheelers and allied eg
electric quad bikes and on road three wheel micro cars) by region by
percentage of units.
7.1. Listing of manufacturers beyond golf cars
7.2. MicroEV quadricycle forecasts 2012-2023
7.3. 19 examples of golf EV manufacturers
7.4. Global sales of electric golf cars and motorised caddies in number
thousands, ex-factory unit price in thousands of dollars and total value in
billions of dollars 2012-2023, rounded
7.5. Geographical split of golf EV sales by value 2010, 2015 and 2020
8.1. Global stimulus for fuel efficient cars in 2009
8.2. 121 examples of manufacturers of EV cars
8.3. Global sales of car hybrid number thousands, ex-factory unit price in
thousands of dollars and total value in billions of dollars 2012-2023, rounded
8.4. Global sales of car pure electric number thousands, ex factory unit
price in thousands of dollars and total value in billions of dollars
2012-2023, rounded
8.5. Global sales of micro EV quadricycle number thousands, ex factory
unit price in thousands of dollars and total value in billions of dollars
2012-2023, rounded
10.1. Major market drivers for growth in hybrid sales
10.2. Hybrid electric vehicles and associated events 1876-2013
11.1. Data for RQ-11A version of AeroVironment Raven
11.2. 26 suppliers of military EVs
11.3. Global sales of electric military vehicles in number thousands, ex
factory unit price in thousands of dollars and total value in billions of
dollars 2012-2023, rounded
11.4. Military electric vehicle sales by region 2005, 2010, 2015 and 2020
in percentage units
12.1. 44 examples of manufacturers of EV electric water craft
12.2. Leading manufacturers of remotely operated and autonomous underwater
vehicles for sale
12.3. Indicative prices for marine EVs in 2010
12.4. Global sales of electric marine craft in number thousands, ex
factory unit price in thousands of dollars and total value in billions of
dollars 2012-2023, rounded
13.1. 30 examples of manufacturers of mobile robots, toy, leisure,
research or hobbyist EVs by country and product
13.2. Global sales of other electric vehicles (including civil aircraft
and robot) in number thousands, ex factory unit price in thousands of dollars
and total value in billions of dollars 2012-2023, rounded
14.1. Number of gas stations ("service stations") by region in 2010
FIGURES
1.1. Basic schematic of pure EV power train
1.2. Size of vehicle, broadly indicated by price and battery kWh, related
to when up-front cost becomes competitive with a conventional version
1.3. FlyNano pure electric flying jet ski Finland
1.4. Numbers of EVs, in thousands, sold globally, 2012-2023, by
applicational sector
1.5. Ex-factory unit price of EVs, in thousands of US dollars, sold
globally, 2012-2023, by applicational sector, rounded
1.6. Ex-factory value of EVs, in billions of US dollars, sold globally,
2012-2023, by applicational sector, rounded
1.7. Ex-factory value of EVs, in 2013, percentage by applicational sector
1.8. Ex-factory value of EVs, in 2023, percentage by applicational sector
1.9. The various types of car, the precise definitions, regulations and
user preferences varying greatly between countries
1.10. kWh per passenger for conventional or electric on-road vehicles
related to type of vehicle and showing cars to be uniquely inefficient.
1.11. Cumulative and monthly plug-in on-road vehicle sales in the USA
through 2012 according to trade association EDTA
1.12. The tiny sales of pure electric on-road vehicle sales in Europe
showing carrier goods EVs/ light industrial and commercial vehicles outselling
passenger EVs, according to trade association AVERE
1.13. Adoption of different car power trains past and present
1.14. The Daimler Smart, left, is a mainstream car subject to tax,
insurance, crash tests etc whereas the G-Whiz from India, right, is registered
as a quadricycle and was the best-selling pure electric car in the UK for ten
years with s
1.15. Renault Twizy quadricycle which is selling over ten thousand within
two years from launch. The standard model has no windows
1.16. Chinese micro-EV cars in China. Most of them have three wheels
2.1. EV sectors with the largest gross sales value and profits over the
years
2.2. Electric vehicle value chain
2.3. Increasing inefficiency of private vehicles with size, even when
fully occupied
2.4. Increasing efficiency of buses with size when fully occupied
2.5. Energy per 100 kilometers per person for different on-road travel
options
2.6. The Bladon Jets microturbine range extender is the size of two cans
of beans
2.7. Planned Jaguar supercar with microturbine range extenders
2.8. Boeing fuel cell plane trial
2.9. Principle of a PEM fuel cell
2.10. Toyota hybrid fork lift for heavy outdoor duty
2.11. Tyrano Big Rig
2.12. Ford MKZ Hybrid
2.13. The Lohner-Porsche electric vehicle of 1898 showing its two in-wheel
electric motors. Another version had four
2.14. Mitsubishi in-wheel motor
2.15. Mine resistant ambush protected - All Terrain Vehicle MATV
2.16. MATV structure
2.17. Volvo ReCharge concept hybrid
2.18. Fraunhofer in-wheel motor on an Artega GT
2.19. SIM Drive in wheel traction
2.20. EMRAX 222 Duplex Motor
2.21. The dream of smart skin for land, sea and air vehicles
2.22. Competing electric drive train technologies and their targets by
market sector
2.23. Proton Electron Membrane
2.24. Toyota hybrid outdoor forklift
2.25. Carbon Intensity CO2 kg/kWh and % Fossil fuel in power sector
2.26. LCA greenhouse emissions of a compact car with different drive trains
2.27. Carbon emissions, in grams CO2 per km, of a selection of cars for
sale in the UK
3.1. Caterpillar CAT series hybrid diesel electric bulldozer
3.2. Nissan lithium forklift
3.3. Mitsubishi diesel electric hybrid lifter
3.4. Toyota Material Handling has launched the new Traigo 48 in 2010, a
powerful electric forklift fitted into a compact and agile package
3.5. Forklift from one of the many Chinese manufacturers
3.6. Top 20 industrial lift truck suppliers in 2011.
3.7. Lift truck market demand increase in 2012
3.8. World industrial truck statistics/orders and shipments
4.1. Orion VII hybrid electric bus USA
4.2. Nova RTS hybrid electric bus USA
4.3. Gillig low floor hybrid bus in USA
4.4. Two buses in Brazil using the locally made Eletra hybrid power trains
4.5. Kent electric city bus from China
4.6. Hino Blue Ribbon hybrid diesel electric bus in China
4.8. PG&E and VIA Motors displayed a new SUV version of its extended-range
electric vehicle at the Detroit auto show.
4.9. The full-size pickup and a cargo van introduced by VIA Motors in
2012, in use by PGE.
4.10. Electric bus in Nepal
4.11. Mobile electric scissor lift by Wuhan Chancay Machinery and
Electronics
4.12. Garbage collecting electric car
4.13. Market for light industrial and commercial electric vehicles in 2012
in $ billion
4.14. Market for industrial and commercial electric vehicles in 2022
5.1. Percentage of dependent elderly 1970 to 2040
5.2. New Pihsiang Shoprider pure electric mobility vehicle for the disabled
5.3. The Electric Car (INEC-KARO) for the disabled from Interchina
Industry Group
5.4. Zhejiang R&P Industry ES 413
5.5. Pride Jazzy - making new things possible
6.1. Yamaha EC-f and EC-fs concept electric scooters
6.2. Yamaha EC03
6.3. Eko Vehicles ET-120 hybrid scooter
6.4. Foldable Electric Bike (LNEB-9601
6.5. Honda EV Cub sports twin, front and rear electric drive motors.
6.6. Suzuki Burgman Fuel Cell Scooter powered by Intelligent Energy
6.7. Peugeot E-Vivacity electric scooter planned for 2010
6.8. Cytronex light-weight electric bike
6.9. Shadow eBike is powered by Daymak Drive
6.10. e-bikes parked in Yangzhou China
6.11. Electric mopeds parked in Cheghdu China
6.12. World bicycle and automoblie production, 1950-2007
7.1. Car-like vehicles not homologated as cars, in the context of two
wheelers and Europe. Love them or hate them?
7.2. The Daimler Smart, left, is a mainstream car subject to tax,
insurance, crash tests etc whereas the G-Whiz from India, right, is registered
as a quadricycle and was the best-selling pure electric car in the UK for ten
years with s
7.3. Renault Twizy quadricycle which is selling over ten thousand within
two years from launch. The standard model has no windows
7.4. Chinese micro-EV cars in China. Most of them have three wheels
7.5. E-trikes
7.6. Tonaro golf and general purpose vehicle from China
7.7. Suzhou Eagle two and four seat golf cars from China
7.8. Yongkang Fourstar golf vehicles from China
7.9. Shadong Wuzheng golf cars from China
7.10. Jinhua Ryder golf car from China
8.1. Distribution of cars made in Europe
8.2. Detailed breakdown of car parameters by type
8.3. Geographical distribution of 120 companies making or intending to
make electric cars
8.4. National targets for plug-in on road vehicle sales of EVI members in
number of vehicles purchased yearly
8.5. Planned PEV vehicle stock by year 2010-2020 in national targets
8.6. Government targets and sales by company of PEV (PHEV/BEV on-road
vehicles)
8.7. Early sales of new EVs by year superimposed showing comparative early
adoption
9.1. Trouvé pure EV car in 1881
9.2. Red Bug pure EV in 1930
9.3. Sinclair C5
9.4. Aptera
9.5. Gemcars
9.6. The BYD E6 pure EV car
9.7. Jianghsu DHCLBC EF-1 car
9.8. Electric Car (INEC-BOBI)
9.9. Tesla Motors Roadster pure EV performance car
9.10. Pininfarina Bolloré Bluecar showing solar panels on roof and
hood
9.11. Pininfarina Bolloré Bluecar cross section
9.12. REVA pure EV car
9.13. The Club Car street legal car launched in 2009
9.14. Toyota pure EV city car
9.15. Detroit Electric
9.16. Tara Tiny
9.17. Mitsubishi pure EV car
10.1. Evolution of EV design for on-road and many non-road vehicles
10.2. Chevrolet Volt battery, generator and drive unit positioning
11.1. Oshkosh truck
11.2. Balqon Mule M150
11.3. SPI electrical SUAV
11.4. Examples of SUAV rechargeable lithium batteries. Top: Flight Power
"EVO 20" Lithium Polymer battery. Bottom: Sion Power lithium sulfur
11.5. AeroVironment Raven
11.6. AeroVironment Aqua Puma UAV completes Royal Australian Navy Sea
trials in 2007
11.7. AeroVironment Helios
11.8. Aurora Flight Sciences solar plane that takes off in parts and
self-assembles at altitude
11.9. COM-BAT
11.10. Robotic Bat
11.11. Large autonomous robot jellyfish
12.1. Hybrid tugboat
12.2. Engine room of the hybrid tugboat
12.3. Bratt electric tugboat
12.4. Electric deck boat by Leisure Life
12.5. Electric launch
12.6. Solar powered boats for tourism cruising at 12 kph on Lake Geneva
12.7. The rigid-wing superyacht concept called 'Soliloquy'
13.1. "Zep'lin"s
13.2. "Zep'lin" photovoltaic sail adjustment
13.3. Solar Impulse
13.4. The Electrolux Automower
13.5. Robots for Mars
Hybrid and Electric Vehicles for Land, Water and Air 2013-2023: Forecasts, Technologies, Players published by IDTechEx Ltd. in April 1, 2013. This report consists of 281 Pages and the price starts from US $ 4250.
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Press Release
Domino-effect insolvencies in Evs
April 26th, 2013
Global Information Inc. would like to present a new market research report, "Hybrid and Electric Vehicles for Land, Water and Air 2013-2023: Forecasts, Technologies, Players" by IDTechEx Ltd..
Most electric vehicle sectors are profitable and growing. Toyota has nearly half of the $63 billion global market for electric vehicles land, water and air, according to an IDTechEx analysis in the new report, Hybrid and Pure Electric Vehicles for Land, Water and Air 2013-2023: Forecasts, Technologies, Players . Over 4400 manufacturers crowd into the other half of the market for hybrid and pure electric vehicles, 66% of them being in China and mainly making e-bikes, a sector which IDTechEx finds is currently beginning a shakeout with manufacturers going under and sometimes taking parts suppliers with them.
By contrast, Toyotas electric forklifts and buses pull in profits and its hybrid cars, if not yet profitable, will be the first to achieve profits in volume because it makes more hybrid cars than all other manufacturers combined. In a different world, the global market of pure electric cars has profits only as a very distant prospect, with the exception of some very special niches. That is why Toyota has only a nominal presence in pure electric cars. Every year, romantics grossly underestimate the cost of entry and offer questionable or non-existent uniques in the pure electric cars they design. There is no Apple-like "must buy" inspiration and innovation with the possible exception of Tesla at the top end.
Every year, when manufacturers of pure electric cars go under, they can take others, such as small parts suppliers, with them - a domino effect takes place; however, only rarely can one say that a manufacturer pulls down one supplier on its own. For example, Asola Solarpower of Germany makes the conformal, high efficiency crystalline silicon solar roof for the Fisker Karma premium car. The firm is now experiencing financial difficulties, though its insolvency administrator sees good opportunities for redevelopment via a realigned business plan.
