2015 electric vehicle market summary and barriers.
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2016-06-01
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Abstract:The object of this research report is to present the current market status of plug-in-electric ; vehicles (PEVs) and to predict their future penetration within the world and U.S. markets. The ; sales values for 2015 show that China leads in yearly sales at 214,283 (triple increase for 2014) ; followed by Western Europe at 184,500 vehicles sold. The U.S. is third at 115,262 followed by ; Japan at 46,339 vehicles. These four countries comprise 95% of the global sales market. The ; world total of EV sales for 2015 is estimated to be 565,668 up from 315,519 in 2014. This data ; also shows that the overall world growth is 79% and that Western Europe is now ahead of the ; U.S. in total cumulative vehicles. ; Within the U.S., the PEV sales results for 2015 show that 115,262 vehicles were sold as ; compared to 118,882 vehicles in 2014 which is lower by -3 % from 2014. However, sales for the ; first 6 months of 2016 are 19% greater than the sales for the same period in 2015. On a state ; basis, California is the largest market with about 55% of the sales for 2015 and a growth of ; 4.6% over 2014. The total cumulative number of EVs sold in the U.S. over the six year lifetime ; is now at more than 400,000 vehicles. Looking at the U.S. PEV sales data, the future has ; dimmed over the past year. However, when consideration is given to the world market, the ; future is extremely bright and the U.S. may well be left behind. PEVs in the world market are ; rapidly growing due to the various country policies and to the development of lithium-ion ; batteries from both a technological and manufacturing standpoint. ; The current work also evaluated the types of barriers to EV usage and the actions, incentives ; and research to overcome the barriers. The barriers to large scale EV usage are costs, range, ; availability of charging stations, charging time, battery life and infrastructure, standard and ; permitting. Results are presented for overcoming each of the barriers that includes incentives ; and technical progress.
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Main Document Checksum:urn:sha256:57f33c817832d53542bb0dbeae61cf9a7197bdea389dedde41c3d00d92eeb2cf