Overall EV sales have been disappointing so far due to a lack of choice and perceived personal benefits; high purchase prices; and most importantly, consumer anxiety about range, maximum speed, recharging times, and the lack of public charging infrastructure. However, with many car OEMs recently dropping prices and offering more choice and improved performance, full electric vehicles are on the verge of leaving their eco niche of environmentally aware and socially responsible buyers, illustrated by car OEMs such as BMW, Daimler, and Volkswagen investing heavily in electrification.
This study covers electrification market trends and drivers, EV technologies including batteries, crowd and cloud charging, main players and EVs on the market, and forecast for shipments, EV vehicle base, penetration levels, revenues, and public charging infrastructure. It also describes the role of EVs as part of the future IoT.