23 Aug '11, 12pm

14 Million Electrified Vehicles on the World's Roads by 2017

Production of electrified vehicles is gearing up all over the world, and automakers are planning an increasing variety of new models over the next few years. Cumulative sales of plug-in electric vehicles (PEVs), which includes plug-in hybrids (PHEVs) and all-electric vehicles (EVs), will reach 5.2 million units by 2017, up from just under 114,000 vehicles in 2011, according to a Pike Research report. By the same year, cumulative sales of hybrids (HEVs) will rise by 8.7 million vehicles, for a combined total of 13.9 million units in all electrified vehicle categories. "Increasing fuel costs, government purchase incentives, increasing fuel economy standards, and increased vehicle availability will benefit all three types of electric vehicles to varying degrees," says senior analyst Dave Hurst. "In the hybrid electric market, the incentives are playing less of a role as count...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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