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Article: The Global Market for Electric Vehicles.(Industry Overview)(Statistical Data Included)
- Article from:
- Business Economics
- Article date:
- October 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 The National Association for Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Worldwide sales of electric vehicles are slated to increase at the rate of sixty percent per annum in the coming years. We project global sales of more than one million such vehicles valued at $24 billion in the year 2007. The number of such vehicles on the roads of six continents that year should reach the four million mark. Most of the units will be cars and light trucks, though a growing number of buses and sanitation trucks will be evident as well. Despite rapid growth, electric vehicles as a whole will constitute only 1.5 percent of global motor vehicle production in 2007 and only 0.5 percent of the worldwide number of motor vehicles on the road in that year. Clearly, ...
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