The 30.6 million electric vehicles sold in 2011 will rise to 51.3 million in 2021 but the value of the market will grow by far more because larger and more expensive vehicles are now rapidly adopting the technology. Motorcycles, military vehicles, buses and earthmovers are among them. Hybrids will rise from about 50% to about 60% of the value market through the decade. In ten years from now, a far higher percentage of the global output of light industrial vehicles, commercial vehicles and cars will be electric vehicles.
Some 66% of the manufacturers operating in the electric vehicle market in the world are in China. Over 90% of the world's electric vehicles are made in China, mainly for use in China. It has the largest potential electric vehicle market. It mines and controls 95% of the world's rare earth reserves used in the hybrid car batteries, motors and other key components of today's electric vehicles. Of the 420 electric vehicle manufacturers covered in this report, an appropriately high proportion are Chinese. This is particularly true of the chapters on Heavy Industrial, Light Industrial and Commercial, Mobility for the Disabled, Two Wheelers, Golf Cars and Cars, where the Chinese heavily participate.
The new report gives the detail, forecasting, unit value and total electric vehicle market value for each sector with many tables giving subsets of the data and a large number of profiles of current and planned activities of the participants. Detailed forecasts for these vehicle categories by numbers and value and the key components are provided for 2011-2021. The trends, technology and planned vehicles are clarified in 146 figures and 52 tables including historical context.
| Companies & Market
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