By Dr Peter Harrop, chairman, IDTechEx
12 June 2013 - Pure electric car sales in 2013 will be just 70,000 vehicles rising to two million in 2023, versus two million hybrid vehicles this year rising to 7.6 million in 2023. Of course, the big unit numbers come at the small end. Most of the unit volume in 2013 will be for two wheeled vehicles – 32 million vehicles in 2013 rising to 94 million in 2023, albeit at far lower average price points.
IDTechEx Research also finds that hybrid and pure electric cars will be almost half the total value of all electric vehicles in 2023. Although cars are the largest value sector, much more will be spent on other types of electric vehicle, taken together, over the coming decade. Indeed, cars will represent well under 10% of the profit made in EV manufacture in the next ten years and only 8% of the number of EVs made in 2023.