By Gary Thomas
Reportlinker.com has released a new forecast and opportunities report on the global & United States electric vehicle market to 2017.
The report forecasts exceptional growth in the electric vehicles market. In 2011, the global electric vehicle industry had registered a turnover of nearly $54 billion, while the U.S. market achieved $14.9 billion in revenue. Both the global and U.S. markets are growing at a higher rate than expected, and they are expected to grow at a very high CAGR.
The increase in demand for environment friendly vehicles, consumer spending, government support, and increasing population forecast a promising outlook for the global and U.S. electric vehicle market.
Many factors including increasing price of crude, reduction in reserves of crude oil, increasing pollution and higher awareness of factors affecting the environment are increasing the demand for electric vehicles. In the U.S., these vehicles are forecast to become a widespread form of transportation due to many positive features such as, lower consumption of fuel, more mileage, zero emissions from the tail pipe, less or no noise, and lower running cost.
The report discusses the forecast and size of the electric vehicle market globally and in the U.S. Sales based on vehicle segments, the opportunities, developments and market trends and the competitive landscape are discussed. Further SWOT and PEST analysis are provided.
The report will help the reader acquire competitive knowledge of prominent EV vehicle types and understand the market dynamics both globally and in the U.S.