Clean tech market intelligence firm Pike Research just published a report entitled ‘Electric Vehicle Market Forecasts’ that goes against the naysayers currently predicting the doom of EVs and plug-in hybrids like the Chevy Volt. The new report predicts a whopping 46-fold increase in EV sales worldwide by 2017, which would take the total number of EVs and plug-in electric hybrid light vehicles to 5.2 million.

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Pike Research’s report does expect adoption to continue to be slow for the next few years, and only account for 3-5% of the cars on the road even by 2017, but that is up from 114,000 plug-in electric vehicles sold this year to a much healthier 5.2 million in just six years. The Electric Vehicle Market Forecasts study is also predicting 8.7 million hybrids will have been sold worldwide by the end of 2017, which would bring the total number of electric, plug-in electric, and hybrid vehicle sales to 13.9 million. Can you say beachhead?

+ Pike Research

Via Fleet World Group