U.S. will be 26% of the market with China at 27% of the market
President Obama is putting a lot of emphasis during his term on moving America towards greener vehicles to reduce pollution and the need for foreign oil. Key vehicle technologies that will help enable us to make the move are hybrid and electric vehicles
. Growth in both of those vehicle markets is set to boom over the next five years.
Pike Research has announced a new report that looks at the growth of the battery power electric (BEV) and plug-in electrichybrid vehicle (PEHV) market over the next five years from 2010 to 2015 and how that market will grow around the world. According to the research firm, over the next five years China will emerge as the top adopter of PEHV and BEVs with 3.2 million sold over that period for an annual compounded growth rate of 106 percent.
Coming in a close second for the same period according to Pike Research will be the United States. The research firm estimates that in the U.S. 841,000 of these vehicles will be sold accounting for 26 percent of the global market. China by comparison is expected to move 880,000 PEHVs and BEVs for 27 percent of the global market.
Pike Research has announced a new report that looks at the growth of the battery power electric (BEV) and plug-in electric
Coming in a close second for the same period according to Pike Research will be the United States. The research firm estimates that in the U.S. 841,000 of these vehicles will be sold accounting for 26 percent of the global market. China by comparison is expected to move 880,000 PEHVs and BEVs for 27 percent of the global market.
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