Mar 17 2009
A new market news review, 2008 HYBRID AND ELECTRIC VEHICLE PROGRESS REVIEW (FCB005J) from BCC Research, provides a comprehensive overview of the global hybrid and electric vehicle (HEV) industry, offering detailed insight into current and emerging technologies and markets.
BCC Research’s goal in compiling and publishing the 2008 Hybrid and Electric Vehicle Progress Review is to provide key players with all the important news and analysis of this industry in one publication. This review of the 2008 HEV industry details the high points of hybrid electric vehicles, plug-in hybrid electric vehicles, fuel cells, batteries and the infrastructure of this rule-changing form of transportation and mobility.
The global market for large and advanced batteries increased from $8.4 billion in 2006 to $8.9 billion in 2007. It should reach $11.4 billion by 2012, a compound annual growth rate (CAGR) of 5.1%. Much of the market value and growth will be due to hybrid and plug-in electric vehicles.
Additionally, the global market for components for HEVs was worth $1.6 in 2005 and is expected to continue growing at a CAGR of 24.0% through 2010.
Energy and clean energy have moved to center stage in considering environmental responsibility and economic stimulus. The old ways of the automotive companies no longer seem to fit the 21st century.
This review covers technological advancements in engines, transmissions, batteries and other vehicle components, as well as trends in the legislative and regulatory arena and environmental and consumer concerns. Concept vehicles from many major manufacturers also are reviewed.