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 Post subject: EV production to rise 67% in 2014
PostPosted: Tue Feb 04, 2014 10:54 pm 
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According to this article in the LA Times, IHS Automotive predicts that global production of EVs will rise from 242,000 in 2013 to 403,000 in 2014. (The 2013 figure was a 44% rise from the previous year.)

Reasons cited: European emissions standards are tightening in the second half of this year, and "European automakers are introducing compelling new EV models". Pricing is a major barrier to adoption, and cheaper battery technology will help continue to lower prices of vehicles. China was also mentioned as a factor; the government is pushing the technology to mitigate severe pollution problems in the country.

The Europe/Middle East/Africa region is expected to build 40% of all EVs in 2014, Asia will build 30%, while the U.S. will make about 27% of all EVs in the world, IHS said.


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