Lucintel Projects Global Electric Vehicle Industry to Grow With a CAGR of 8% during 2012-2017

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Lucintel Projects Global Electric Vehicle Industry to Grow With a CAGR of 8% during 2012-2017

Insights that Matter

Insights that Matter

The global electric vehicle industry is estimated to reach $73.9 billion, with a CAGR of 8% during the next five years. Key industry players are planning to maximize market share in emerging markets by capitalizing on the strengths of new green technology and offering tailor-made products that are expected to attract customers.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on top five electric vehicle companies and presents its findings in “Top Five Global Electric Vehicle Companies 2012-2017: Trend, Profit, and Forecast Analysis.” The report briefly discusses the subject companies, their geographic footprints, financial metrics, market performance, marketing and corporate strategies, and provides a SWOT analysis.

Lucintel’s transportation industry report depicts the key challenges faced by the industry. There has been a decrease in the market share primarily due to lower production from the companies. The decline is also related to reduced participation in the low margin business due to the economic crisis. The maintenance costs of vehicles and fluctuating preferences of customers have affected the electric vehicle industry as well.

In addition to these challenges, the study focuses on the key drivers of the industry. Electric cars have advantage over traditional cars in terms of efficiency. The average efficiency is approximately 80%, which is far better than that of traditional gasoline-powered vehicles. Rising environmental awareness among consumers and high oil prices before and after the recession have prompted consumers to purchase hybrid and electric vehicles, or at least to consider buying in the future.
The report briefly describes the top five global electric vehicle companies:

  •     Daimler
  •     Ford
  •     General Motors
  •     Toyota
  •     Volkswagen

Continuous modernization and technological expansion, high investment in research and development, government policies and safety regulations are seen to affect industry dynamics highly.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, market experts and cost efficiency. To learn more, visit http://www.lucintel.com.

Lucintel now offers free Live Chat on its website to answer visitors’ questions in real time with precision. Visitors can directly chat with our experts through Live Chat to receive assistance and information regarding Lucintel’s product and service offerings.

Lucintel a Free Webinar, “Growth Opportunities in Solar Photovoltaic Market 2012-2017,” on 7th March , 2013. Please click here for webinar registration

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Joseph E. Fritz
Lucintel
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