It seems almost monthly we stumble upon some forward-looking prediction report put out by some research firm we’ve never heard of.
This is again the case here.
According to Transparency Market Research (who that is we don’t know) the plug-in vehicle segment is set to grow significantly over the next 4 years.
Transparency Market Research (TMR) states the following:
”Electric vehicles represent a quantum shift in traditional transportation system. Some of the major challenges faced by this market are high battery costs, availability of electricity, vehicle maintenance costs and new financial model for the electrical vehicles industry.”
We’re thinking TMR doesn’t quite have a grasp on the electric vehicle segment, but then again TMR wants us to pay like $4k for access to its full report, so they must be knowledgeable, right?
Okay, here’s what else TMR says:
”This industry is expected to grow at CAGR of more than 18% over the period of 2012-2018. Among all the major segments, plug-in HEVs segment of electrical vehicles industry will experience the maximum growth, registering a CAGR of more than 80% followed by the hybrid electric vehicles segment with a CAGR of 19% during 2012-2018.”
As for BEVs, TMR doesn’t mention them in the summary and we’re not about to fork over $4k for access to that information.