2010 will be pivotal for EVs

According to a new white paper from Pike Research, 2010 will be a critical year for the emerging EV industry.

“The electric vehicle market is full of myths and misinformation,” says senior analyst John Gartner. “Our analysis shines a bright light on key business and technology issues in the EV industry and reveals important truths about how the market will evolve in 2010 and beyond.”

A few of Pike ResearchÂ’s industry predictions include the following:

• The cost of owning and driving an electric vehicle is not likely to be cheaper than using gasoline;

• The plug-in hybrids of 2020 may not resemble the plug-ins of 2010;

• Lithium Ion batteries sold with the first EVs may have little to no resale value;

• Asia will be the dominant supplier and consumer of electric vehicles and batteries;

• The grid as a whole will accommodate and even benefit from EV charging, but some neighborhoods with multiple EVs could overwhelm utility equipment.

Pike Research’s paper, “Electric Vehicles: 10 Predictions for 2010”, explores hot topics in the EV world and assesses their impacts on key industry players. Conclusions and predictions in the paper are drawn from the firm’s in-depth coverage of the Clean Transportation industry, and market forecasts are included for key sectors.

A free copy can be downloaded by visiting www.pikeresearch.com.