Electric Vehicles and Fuel Cell Vehicles: Technologies and Global Markets

Report Highlights

The global electric vehicle (EV) market was worth over $73.0 billion in 2014. This market is expected to reach about $109.8 billion by 2019, with a compound annual growth rate (CAGR) of 8.5% from 2014 to 2019.

Report Includes

• An overview of the global market for electric vehicles including battery-powered vehicles, fuel cell-powered vehicles, and hybrid vehicles.
• Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019. Both value and units shipped are provided.
• Details on many types of electric vehicles being considered including passenger cars, trucks, buses, eBikes and scooters, motorcycles, and material handling and industrial vehicles.
• Discussion on developing EV markets like military vehicles, locomotives, marine vehicles, and vehicle auxiliary power units.
• A summary of the power sources that make these vehicles possible; power sources considered include lead-acid, nickel metal hydride, lithium-ion batteries and proton exchange membrane fuel cells, and developmental and niche power source possibilities are also considered.
• Detailed profiles of leading companies in the industry.

Report Scope

After decades of expensive development and false starts, the world is finally ready for electric vehicles. As defined by this report, the term “electric vehicles” includes commercial approaches such as pure battery-powered vehicles, plug-in hybrids, hybrid internal combustion/battery, range extending, and fuel cell vehicles, as well as vehicles powered by developmental power sources such as supercapacitors and flywheel-powered. In addition to cars and trucks, this report considers motorcycles, scooters, buses, neighborhood electric vehicles, military vehicles and locomotives.

This report details the actuals for 2009 and 2013, and compound annual growth rate (CAGR) projections for 2014 through 2019 for the North American, European, Far Eastern and Rest-of-World markets. Power source sales and values are provided under consensus, optimistic and pessimistic scenarios. A patent analysis and discussion for power sources and vehicle components describes where research is performed and emphasizes intellectual property issues.

As defined by BCC Research for this report, electric vehicles and fuel cell vehicles include the following:

• Hybrid electric vehicles (HEVs).
• Plug-in hybrid electric vehicles (PHEVs).
• Electric vehicles (pure EVs).

Specific types of vehicles using these batteries include:

• Passenger vehicles (sedans, microcars, SUVs, crossover SUVs, pickup trucks, sports cars).
• Low-velocity (golf carts, neighborhood electric vehicles, personal mobility devices).
• Scooters (two-wheelers, motorcycles, some three-wheelers).
• Buses.
• Commercial/industrial (material handling equipment, burden carriers, forklifts, trucks).
• Niche (military, locomotives).

These market sectors are defined, leading companies are identified and the markets analyzed (including a five-year market forecast). Finally, status and recent events for power source maker companies are provided in the “Company Profiles” section.

Regions covered include:

• North America: Canada and the U.S.
• Far East: Japan, China, India, Indonesia, etc.
• Europe: Western Europe.
• Rest of World (ROW): South America, Mexico, Central America, Africa, Middle East, Australia, New Zealand, other Pacific nations, Russia, Eastern Europe and Turkey.

Analyst Credentials

Donald Saxman is an industry-recognized expert in gas separation and oil recovery through carbon dioxide injection. His experience in both markets and technologies for corrosion inhibitors, and industrial gas end uses informs his research. While working for Zellweger Analytics as a subcontractor to Boeing Aerospace, he was quality assurance manager for the design, manufacture and testing of an organic carbon monitor for the International Space Station and its water recycling system. Saxman has worked with BCC Research as analyst and author for more than 20 years, and his reports include market research on lithium batteries and solid oxide fuel cells. He holds a bachelor's degree in geology from the University of Indiana.