31 Dec '15, 3pm

Electric Vehicle Market Poised To Explode

, IDTechEX expects big gains in electric vehicles for construction, agriculture, and industrial watercraft. It says those markets are poised for compound annual growth of between 20% and 65% over the next ten years. Fork lifts used indoors are already electric, but outdoors power equipment like earth movers and lifting vehicles are expected to to switch to hybrid electric drivetrains. They require less maintenance and insulate companies from future spikes in the cost of fossil fuels. Hybrids perform better as well, with more torque available at low speeds and the ability to supply electricity to other equipment on a job site. They also are quieter in operation, which reduces operator fatigue, and they create less pollution.

Full article: http://gas2.org/2015/12/31/electric-vehicle-market-poised...

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