Monday 17 November 2014

Research: EVs $533 billion by 2025



According to IDTechEx, analysis shows that the electric vehicle business will cap at $533 billion dollars in 2025.

According to IDTechEx, analysis shows that the electric vehicle business will cap at $533 billion dollars in 2025.

You surely already know that electric vehicles and plug-in hybrids are on the rise for obvious reasons, among them being a huge cut in operating cost and in emissions… It’s a win-win to go electric.

With loads of plug-ins becoming available on the market, there’s now becoming an EV to fit most anyone’s needs.

Some obscure examples of why plug-ins on the rise include: China auto manufacturers producing 11-times more plug-ins than in 2014 than in 2013; China’s devotion to purchasing electric buses; Canadian mining companies wanting electric trucks; more motorcycle makers committing to producing all-electric bikes; and so on.


IDTechEx’s sales graph.