The expeditiously changing electric vehicles market, including battery electric, hybrid, and plug-in hybrid electric vehicles, is a small but substantial part of the worldwide automotive industry. Governments all around the world are extremely keen on seeing the rising penetration of electric vehicles owing to their energy security and subsequent environmental benefits. In the same way, governments have pressed automakers to manufacture electric vehicles and likewise have encouraged citizens to purchase them by introducing several financial incentives.
The increasing fossil fuel prices, along with the detrimental environmental effects of vehicles run on petroleum, have affected the electric vehicle market positively. TMR, a market intelligence company, estimates that the market will reach US$271.67 billion by 2019, expanding from US$83.54 billion in 2012 at a remarkable 19.20% CAGR from 2013 to 2019. TMR elaborates on the future prospects of the electric vehicles industry and throws light on the top 4 new electric vehicles in the pipeline of the prime manufacturers operating in the electric vehicles market.
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Ford Focus Electric: This will be the first electric version of the most popular mid-ranged hatchback of Ford, the Ford Focus Electric comprises a 23kWh liquid-cooled battery having a range of about 160 kilometers on a single charge and a top speed of more than 135 kilometers per hour. The acceleration will be 0-100km/h in 11.4 seconds. This version is expected to become popular particularly within the vehicle fleet market.
Electric Mercedes B-Class: This is a high-end battery electric vehicle that utilizes the Tesla Model S’ drivetrain. The top speed of the car is 160 kilometers per hour, presenting an approximate range of 185 km. It is a high-end, sophisticated car, but it is yet to be seen whether the buyers would opt for this classic design of the Mercedes over the new radical approach of other manufacturers.
Electric Kia Soul: This will be the first mass-produced, globally available all-electric vehicle manufactured by a Korean company. The electric model comprises a 27kWh lithium-ion polymer battery providing a range of approximately 210 kilometers. The electric motor of 81.4kW produces an acceleration of 0 to 100 kilometers per hour within 11.2 seconds. The top speed is 145 kilometers per hour. This model accompanies a smart air intake control system and an individually customized ventilation system for minimizing the battery’s ancillary demands.
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The Volkswagen eGolf: This is a battery electric vehicle that generates the equivalent of 113bhp and provides great acceleration, even though it is high on weight. The Volkswagen eGolf is able to accelerate from 0 to 60 kilometers per hour in about 4.2 seconds and straight to 100 kilometers per hour in about 6 more seconds, with a top speed of 140 kilometers per hour. This electric vehicle has lithium batteries installed within the floor of the car for keeping a low center of gravity. The batteries are about 24.2 kWh and weigh 318 kgs.
The other key manufacturers dominant in the market for electric vehicles include Mitsubishi Motors Corporation, Renault S.A, Smith Electric Vehicles, and General Motors Company, among others.