Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

Over 37 million plug-in EVs expected in use by 2025: Navigant Research

By Paul Dvorak | January 13, 2017

Long-range battery electric vehicles appear positioned for success as prices become competitive with economy brands after subsidies, report finds. This will be good for utilities and good for the wind power industry. 

A new report from Navigant Research provides forecasts, market sizing, and market share analysis for the overall light duty vehicle (LDV) market and for light duty hybrid electric vehicles (HEVs), plug-in hybrid EVs (PHEVs), and battery EVs (BEVs).

The market for LDVs is poised for change due to advances in battery energy density and cost, as well as coming innovations in connected and autonomous vehicle systems. Around 2025, fundamental technology and industry trends are expected to enable BEVs to be cost competitive against conventional vehicles without subsides, underlining the likelihood that LDVs will eventually be electric rather than any other alternative.
According to a new report from @NavigantRSRCH, by 2025, more than 68 million light duty HEVs, PHEVs, and BEVs are expected to be in use globally, with over half being plug-in vehicles.

“Battery cost reductions are having dramatic impacts on BEV cost and range, portending significant market growth in the years ahead,” says Scott Shepard, senior research analyst with Navigant Research. “Further battery innovations alongside vehicle automation promise to significantly disrupt the nature and business of transportation, although this process will take decades to come to full fruition.”

According to the report, long-range BEVs appear positioned for success as prices become competitive with economy brands after subsidies. This marks a milestone that could move BEVs from niche to mainstream, especially as the over 400,000 preorders of Tesla’s Model 3 indicate that the affordable 200-plus mile BEV could have a big impact on the vehicle market.

Over 400,000 preorders of Tesla’s Model 3 indicate that the affordable 200-plus mile BEV could have a big impact on the vehicle market.

The report, Market Data: Electric Vehicle Market Forecasts, provides forecasts, market sizing, and market share analysis for the overall LDV market and light duty hybrid EVs (HEVs), plug-in hybrid EVs (PHEVs), and BEVs. Global forecasts for annual LDV sales and vehicles in use are driven by scenario forecasts on battery prices, oil prices, and autonomous mobility system (AMS) penetration within the LDV fleet. Forecasts are provided by segment under conservative scenario conditions, aggressive scenario conditions, and the average result of 24 scenario combination conditions. Core model scenario forecasts are also provided alongside HEV, PHEV, and BEV sensitivities to each major scenario forecast condition. An Executive Summary of the report is available for free download on the Navigant Research website.

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries.


Filed Under: Uncategorized
Tagged With: navigant, navigant research
 

About The Author

Paul Dvorak

Related Articles Read More >

DTE Energy to buy three new Michigan wind farms
Connecticut seeking input on draft solicitation for offshore wind
Maine establishes three new renewable energy laws
US Wind applauds extension of offshore wind tax credit

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe