IDTechEx: Electric Vehicles A Future $533 Billion Business
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 are the only analysts forecasting 37 categories of electric vehicles. Recent examples are e-motorcycles and car-like Micro EVs homologated as quadricycles in Europe, including e-rickshaws and e-tuktuks for emerging nations.” -IdTechEx.
Check out IDTechEX’s Electric Vehicle Forecasts, Trends and Opportunities, which provides a bit more info with graphs.