Reportstack, provider of premium market research reports announces the addition of 'Hybrid And Pure Electric Cars 2012-2022' report to its offering
Electric vehicles market just became exciting. For 111 years, electric cars that rely only on a battery - "pure EVs" - have had a range of only 30-50 miles and the humble golf car has been the only type selling in hundreds of thousands every year. However, huge changes were announced in 2009/10. Electric vehicles are penetrating the market rapidly to constitute 35% of the cars made in 2025 - probably 25% hybrids, 10% pure EV but pure EV may be winning by then. Any motor manufacturer without a compelling line up of electric vehicles is signing its death warrant.
These changes include:
Launch of cars that have a range of 250 miles or more in pure electric mode, including a pure EV family car made in China and plug in hybrid gasoline-electric and diesel-electric cars.
Launch of the Toyota Prius plug in hybrid that is very attractive to over one million purchasers of the existing Prius mild hybrid and millions of others. 95% of Prius owners would buy another.
First full production of the beautiful Tesla pure EV luxury sports car and other sports cars which silently outperform conventional equivalents.
Large initial orders show that this can be a multibillion dollar sector of the EV car business, particularly if we include new luxury hybrids such as the gorgeous Fiskar Karma and what may result from Ferrari, Porsche and others racing to catch up.
Lithium electric car batteries from companies such as LGChem are claimed to last at least ten years, not the more usual three years. This hugely improves the economics of all EVs with range acceptable to mainstream purchasers.
President Obama's Stimulus Bill granted $14.4 billion for hybrids and huge sums have been allotted by other governments across the world to develop and subsidise use of EV cars to save the planet and the car industry and provide independence from dwindling oil reserves.
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