$100B Global Electric, Hybrid Vehicle Market Projected by 2015

Beijing-Taiwan Science and Technology Forum projects 4-5 million units built in 2014-215.

Published: 20-Jan-2011

The global electric and hybrid car market will reach NT$3 trillion (US$100.5 billion) in 2014-2015, according to automobile makers from Taiwan and China, citing research firm statistics at the recent Beijing-Taiwan Science and Technology Forum held in Taichung, Taiwan.

Electric and hybrid car shipments worldwide are projected to reach 4-5 million units in 2014-2015, the makers pointed out. If the average price of the vehicles is NT$800,000 and shipments came to 4.5 million units, the global market could exceed NT$3 trillion.

At the moment, the electric vehicles in the market differ little in technology, and industry standardization and specifications have yet to be determined. With such a young sector, it is an ideal opportunity for Taiwan's and China's automobile companies, which have long lagged behind in conventional vehicles, to claim a share of pie.0

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