FARMINGTON, CT – New market research from Global Information (GII) indicates the hybrid- and pure-electric vehicle market will continue to prosper in 2013, driven in large part by reduced total cost of ownership, better performance and increased environmental regulations. Hybrid vehicles that can switch to run on pure-electric offer the flexibility of working in environments where noise pollution is a critical issue. The sub-market for range extenders will benefit from the growth in hybrid electric vehicles, with demand rising as high as eight million units in 2022.
Charging infrastructure from these vehicles is another segment that will benefit from the market’s growth. As visibility of electric charging networks increases due to investments in the build up of the necessary infrastructure, consumers will feel more confident about purchasing and maintaining these vehicles. GII’s new market research examines the implications for these linked markets as electric vehicles proliferate.
Approximately eight million hybrid cars will be manufactured in 2022, each including a range extender that provides an additional source of power. Today’s range extenders typically consist of little more than off-the-shelf internal combustion engines; however, these are quickly being displaced by second generation range extenders with piston engines designed from scratch. This report explains the differences in technology behind first generation, second generation, and even third generation range extenders including radical new approaches such as the Huttlin range extender.
Over the next decade, the most vibrant Wireless Power Transmission (WPT) markets will involve the contactless charging of portable and mobile equipment, in particular consumer electronics and electric vehicles. There is a large unmet demand for wireless charging of vehicles. Consumer behavior and preferences is a key driver as electric vehicle drivers want to avoid the inconvenience, dirtiness and danger associated with having to get out of the vehicle to plug in a charging line during bad weather or in dangerous neighborhoods and furthermore, many prefer not to handle heavy electrical equipment.
The electric vehicle charging infrastructure market is still in the very early stages of development and is hugely dependent on Government funding. The introduction of regulatory schemes such as “Plugged in Places” witnessed a market boom as the government sought to boost EV uptake by reducing range-anxiety in improving visibility of the charging network. Over 3,000 charging points installations occurred in first quarter 2012, including publicly accessible, domestic and private workplace points. Of the 1,673 points delivered via Plugged in Places, 60% are publicly accessible charging stations.
SOURCE: Global Information, Inc.