DUBLIN--August 13, 2012: Research and Markets (Electric Vehicles) has announced the addition of the "Electric Vehicle Market in the US 2011-2015" report to their offering.
“Electric Vehicle Market in the US 2011-2015”
TechNavio's analysts forecast the Electric Vehicle market in the US to grow at a CAGR of 43.39 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing number of advanced vehicle technology projects in the US. The Electric Vehicle market in the US has also been witnessing the increasing growth of the Electric Vehicle Charging Infrastructure market in the US. However, the high cost of electric vehicles is acting as a barrier to the growth of the market.
Key vendors dominating this market space include Nissan Motor Co. Ltd., General Motors Co., Tesla Motors Inc., Fisker Automotive Inc., and Smith Electric Vehicles Corp.
Commenting on the report, an analyst from TechNavio's Automotive team said; The increasing growth of the Electric Vehicle Charging Infrastructure market in the US is expected to be a major trend in the future that will lead to the growth of the Electric Vehicle market in the US. Both the manufacturers and the US Government will increase their spending on the development of infrastructure to increase demand in the US.
According to the report, the increasing number of advanced vehicle technology projects in the US has become one of the major drivers for the growth of the Electric Vehicle market in the US.
Further, the report also discusses that the high cost of electric vehicles has become one of the major challenges inhibiting the growth of the Electric Vehicle market in the US.
For more information visit Electric Vehicles
