Pure electric car sales in 2013 will be just 70,000 vehicles rising to 2 million in 2023, versus 2 million hybrid vehicles this year rising to 7.6 million in 2023. Of course, the big unit numbers come at the small end - most of the unit volume in 2013 will be for two wheeled vehicles - 32 million vehicles in 2013 rising to 94 million in 2023, albeit at far lower average price points.
If we look at the figures by the value of each sector - including industrial, marine, buses and others - we find that hybrid and pure electric cars will be almost half the total value of all electric vehicles in 2023, but less profitable than other vehicle types.
Electric vehicles are also very unusual in having almost all their electrical, electronic and mechanical components and systems subject to disruptive rather than incremental change creating absorbing opportunities for researchers, start-ups and others. There are also new types of electric vehicles being launched at a frenetic rate from amphibious aircraft, flying jet skis and swarming robot flies to personal mobile robots, heavy earthmovers and new autonomous underwater vehicles. Many will be best produced by small and medium-sized companies, so the whole structure of the automotive, marine and aircraft industry is placed under review. The components industry is forced into new forms of product integration including smart skin, structural components and motors with integral gearing and electronics, so seeing the big picture of what markets are and will be out there, becomes essential.
10 year forecasts across all EV sectors
This report gives the unit numbers, average vehicle prices, and total value for ten years for the following vehicle types:
- Hybrid cars
- Pure electric cars
- Heavy industrial
- Light industrial/commercial
- Micro EV/quadricycle
- Golf car and motorized gold caddy
- Mobility for the disabled
- Two-wheel and allied
Comprehensive applicational and geographic spread
This report is uniquely comprehensive in applicational and geographical spread. Primarily it presents statistics and forecasts including back up data such as conventional vehicle sales and market drivers. There is even comparative data such as statistics and forecasts by other analysts and by regional trade associations. There is some coverage of technology trends and considerable tabulation of manufacturers and by type of vehicle made and which are world leaders in value sales and why. There is little anecdotal text and information already available on the web, the illustrations and tables being largely original and deriving from IDTechEx analysis and private sources as well as extensive interviews carries out in 2013.