Pike Research released a report yesterday indicating that we can expect to see 3.2 million plug-in electric vehicles (PHEV) and battery electric vehicles (BEV) by 2015, interestingly they are predicting that China will outpace the US in PHEV and BEV adoption with the mainland accounting for 27% of global sales and the US just behind at 26%.

Interest in this automotive segment has been significant with Nissan reporting that the entire first years worth of production of their new electric car, the Nissan Leaf, has sold out before it even hit showrooms and the consumer interest in the Chevy Volt, Plug-in Hybrid Electric Toyota Prius, Honda’s sporty CR-Z Hybrid has been off the charts. High end electric cars like the Tesla Roadster, Mercedes E-Cell SLS and the Fisker Karma as well as the plethora of other emerging exotic BEVs have been drawing international interest as well as orders from all 4 corners of the globe.

All in all it appears that the next 5 years will be a period of huge growth where we see the humble hybrid and electric car going from a rare sight to mainstream acceptance making this a very exciting time to be watching this space.

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About Pike Research – Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of these industry sectors.

Full Report Here