According to the new white paper from Pike Research, 2011 will serve as an important test of the commercial viability for the new electric vehicles. The paper, which includes 10 predictions about the EV market in 2011, is available for free download on Pike Research’s website.
2011: answers to many questions
“The automotive industry is bedeviled by fundamental questions of how consumers will accept and use electric vehicles,” says senior analyst John Gartner. “There is still a great deal of uncertainty about the issues of price sensitivity, range anxiety and the importance of charging station networks, the length of time required to charge EVs, and other important matters. These questions can only be answered through real-world experience that is gained from commercial launches. 2011 is the year in which many of these answers will come into greater focus.”
Pike Research’s industry predictions are that “range anxiety” will prove to be more fiction than fact, automakers will get pushback from EV owners regarding the length of time it takes to fully charge a vehicle, many EV charging stations will spend the majority of their time idle, and the landscape for charging equipment will undergo a seismic shift as the category swiftly moves toward becoming a commodity market.
Pike Research also gives a clue as to how and who will use EVs forecasting that the majority of people who drive plug-in vehicles will not actually own them, while fuel cell vehicles will be sold to fleets and consumers “in small but growing numbers”.
Pike Research’s white paper, “Electric Vehicles: 10 Predictions for 2011”, provides in-depth analysis of some of the most important topics facing the automotive industry as it works for the successful market introduction of EVs. Conclusions and predictions in this paper are drawn from the firm’s ongoing Clean Transportation research coverage, with forecasts included for key market sectors.
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