The 30.6 million Electric Vehicles sold in 2011 will rise to 51.3 million in 2021 but the value of the market will grow by far more because larger and more expensive vehicles are now rapidly adopting the technology.
Motorcycles, military vehicles, recreational vehicles, buses and earthmovers are among them. Hybrids will rise from about 50% to about 60% of the value market through the decade. In ten years from now, a far higher percentage of the global output of light industrial vehicles, commercial vehicles and cars will be EVs. - Electric Vehicles 2011 - 2021, according to a report released in April 2011 by Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), a leader in the development and production of hybrid propulsion systems, energy storage technologies, alternative fuel vehicles and applications including hybrid, plug-in hybrid, and hydrogen and owner of an emerging portfolio of renewable energy farms.
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The future is here and it's Electric!