According to IHS, a research firm, global electric vehicle
production should increase by a massive 67% in 2014. This is to be
driven partly by tighter emission standards in Europe, which will move
to the Euro 6 standard during the latter part of the year, as well as by
the introduction of new models and falling prices. This would make the
worldwide EV installed base grow to 1.1 million by the end of the year.
Most plug-in vehicle charging is done at home, but IHS also predict
that 35,000 charging stations will be installed this year in public or
semi-public places.
Not surprisingly, prices are expected to keep falling:
The price of EVs is expected to decrease in 2014, as more OEMs enter the
market place. Although Nissan recently announced a slight price
increase on the 2014 Leaf from last year, there is a decrease of about
$6,000 between the 2012 and 2014 models. The price of the 2014 Chevrolet
Volt also experienced a similar price drop, and other vehicle models
will likely follow the trend.
IHS also predicts:
In 2014 and the coming years, automakers will deliver concept and
production EVs with large batteries that have capacities of
approximately 40 kilowatt hours (kWh), which equates to at least a
150-mile range. Lithium-ion battery prices are decreasing as a result of
the price war between LG Chem, the battery supplier to the Chevrolet
Volt; and Panasonic, the battery supplier for Tesla’s Model S. Because
of this, carmakers can afford to put larger batteries into their
vehicles and reduce range anxiety.
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