Research and Markets: Environmental Concerns and Skyrocketing Oil Prices Uplift Prospects for the North American Passenger Electric Vehicle Market
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/00f1f2/strategic_analysis) has announced the addition of Frost & Sullivan's new report "Strategic Analysis of North American Passenger Electric Vehicle Market" to their offering.
This research service analyzes the evolving dynamics of the automotive industry and outlook for electric vehicles in the future, specifically focusing on the opportunities it offers to the electric drive system suppliers. The market dynamics, technology roadmaps, charging infrastructure, market forecasts,value chain analysis and market opportunities for other industries have been dealt with.
Environmental Concerns and Skyrocketing Oil Prices Uplift Prospects for the North American Passenger Electric Vehicle Market
Egged on by factors such as volatile oil prices, energy independence goals of many countries, and global warming concerns, North American passenger electric vehicle (EV) market is growing in leaps and bounds. The price of oil is expected to be relatively high over a longer term, boosting the value proposition of hybrid and electric vehicles. An unstable geopolitical situation also encourages the active pursuit of energy independence. These new dynamics have revived consumer and vehicle manufacturer interest in EVs, and its emergence as a mass market in the foreseeable future. Further, governments worldwide are progressively tightening emission and fuel efficiency standards for motor vehicles. U.S. federal regulations too require vehicle makers to meet corporate average fuel economy (CAFÉ) standards. Compliance with federal regulations and standards continues to be one of the most challenging issues the automotive market faces.
As governments at the federal and state levels provide subsidies and incentives for the manufacture and purchase of alternate fuel and pure electric vehicles in pursuit of their clean environment goals, automakers are considering design changes and a shift toward alternate fuel technologies. This will be possible through strategic business models that leverage cost-effective sourcing and manufacturing technologies. "With the advance towards alternate fuel vehicle solutions in the automotive industry, the effective need of fuel-efficient and cost-effective technologies is on the upswing," notes the analyst of this research service. "Automakers are trying to differentiate their vehicles based on the technologies offered and suppliers see this as an opportunity to penetrate this volume-driven vehicle market." However, the market has to be self sustaining, and incentives have to be offset by cost reductions.
Cost price reduction is expected to come from batteries, and proven technological developments in lithium ion (Li-ion) batteries are giving shape to the goal of an affordable and capable electric vehicle. The performance attributes of Li-ion technology make it the ideal energy solution available currently. However, the technology is in the fledgling stage and costs are high. At current prices, the battery accounts for about a third of a plug-in hybrid electric vehicle (PHEV) cost. Although the battery prices are expected to decline as volumes increase and technology matures, the current high price is the biggest bottleneck for the electric propulsion systems market.
Key Topics Covered:
1. Strategic Analysis of North American Passenger Electric Vehicle Market
2. Scope, Methodology and Definitions
3. Executive Summary
4. Market Forces and Dynamics
5. Market Outlook and Forecasts (2009-2015)
6. Battery System Analysis
7. Electric Drive System Analysis
8. Value Chain Analysis
9. Business Model Considerations
10. Vehicle Manufacturer Analysis
For more information visit http://www.researchandmarkets.com/research/00f1f2/strategic_analysis