Gallery: 5.2 Million Strong: Report Predicts 46x Increase in EV Sales b...


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.

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


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  1. msyin August 25, 2011 at 4:54 pm

    I have already decided that my next car will be a PEV hybrid. I am really looking forward to the ones that are coming out in the next couple of years. I will happily trade my hybrid in then rarely stop at a gas station, were as now I only visit twice a month.
    When I went to by my hybrid there was a lot of negative press about how they would never be worth it, the oil changes being much more than conventional(that was true), but when I began to see how infrequently I went to get gas, how much it was costing me when I did, even when it was over $3.50 a gal, I found I was the only one smiling while at the pump. I see hybrids so much now, as well as the latest model from mine, that to me the EV’s will be a welcome addition as will the PEVhybrids.

  2. electric-a-go-go August 24, 2011 at 9:15 am

    @ $5-7 per gallon it will likely cost in the US by then, I’m glad people are starting to see the light here. Hopefully, we won’t have another Bush president to screw this up again.

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