DUBLIN, Jan. 02, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/wthcvr/_power) has announced the addition of the " Power Electronics in Electric and Hybrid Vehicles" report to their offering.
A $16B Market By 2023, A Change Of Business Model, And Significant Technical Changes: How Will Electric And Hybrid Vehicles Change The Power Electronics Industry?
EV/HEV MARKET: A BURGEONING MARKET FULL OF PROMISES AND UNCERTAINTIES
Electric and hybrid vehicles have been presented as a huge market over the last few years, but in 2013 only 100K 100% electric vehicles were sold, and only 2M EV/HEV cars in total. For 2014, technological and architectural upgrades have been made and are ready to deploy, but the most important need is still to convince the end-user to change their habits and transition to an EV/HEV.
Charging infrastructure development, battery cost reduction and power density increase are pushing the EV/HEV market forward. Moreover, as the market grows and the technology develops, the price difference between EV/HEV vehicles and gas-powered vehicles will progressively shrink, thus further accelerating EV/HEV market advancement. Also, governmental restrictions on CO2 output are becoming increasingly aggressive worldwide (58mpg for the United States in 2025, and in 2020 for Europe). For all of these reasons, we expect end-users to be swayed by electric energy's low cost and governmental incentives, making the EV/HEV market very attractive. In this report you will find a detailed analysis of markets by type, as well as an analysis of the positive and negative trends impacting the EV/HEV market.
EV/HEV MARKET: CHINA WILL BOOM AND DRIVE THE REST OF THE WORLD
The EV/HEV market is growing worldwide, especially in established areas of automotive development like the United States, Europe and Japan. But according to the report, China is the most important target market for EV/HEV. With a cars-per-inhabitant ratio 4x lower than in the United States and 5x lower than in Germany, an increasingly wealthy China is naturally the most attractive market for automotive. Moreover, with pollution in Chinese cities worsening, the Chinese government continues to be very aggressive in terms of CO2 reduction. Thus, the path for EV/HEV is clear. Chinese car makers are investing significant sums in electrification, and many joint-ventures with foreign car makers have been signed in order to promote electro-mobility. National and local governments are also very involved in promoting EV/HEV; incentives are given to buyers and electric cars are bought for government officials' use. But the most impressive action from the Chinese government is the $10B budget earmarked for the development of a charging infrastructure.
Key Topics Covered:
1. Before we start
2. Executive summary 11EV/HEV market
3. Supply chain description
4. Technical aspects
- Fuji Electric
- General Motors
- International Rectifier
- Mitsubishi Electric
- Mitsubishi Motors
- Zotye Auto
For more information visit http://www.researchandmarkets.com/research/wthcvr/_power
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SOURCE Research and Markets