Trade Resources Industry Views EV Sales Is Expected to Cross 60,000 by 2017

EV Sales Is Expected to Cross 60,000 by 2017

Electric vehicle(EV)sales in Central and Eastern Europe(CEE)region is expected to cross 60,000 by 2017,according to a new report.

Frost&Sullivan's new analysis,'360 Degree Perspective Of The Central And Eastern European Electric Vehicle Industry',reveals that the EV industry is expected to deliver around 62,000 units in the region by 2017,a rise from 245 units in 2011.

According to the report the rise will be triggered by increase in demand for mobility solutions in the developing urban areas,in addition to the expected enhancement of the supply chain,leading to reduced EV costs.

Frost&Sullivan senior consultant Vitaly Belskiy said rising personal incomes,the process of urban sprawl and changing mobility preferences in CEE are fuelling the demand for new sustainable solutions in personal mobility.

"This will catalyse the development of the EV market until 2017,"Belskiy said.

The agency also expects that the EV market will increase at a unique 151%during 2011-2017,while the highest rise is anticipated after 2014-2015

"When it comes to long-term development of charging infrastructure for EVs,CEE will have to face similar challenges to Western European countries-safety of charging process,network management and financial transactions services,among others,"Belskiysaid.

Further,the charging station suppliers and operators will have to offer enhanced solutions which include advanced load metering and control,to allow multiple users to use the charging station.

"The key challenge will be optimising costs of the charging stations manufacturing,installation and operation in order to avoid transferring high costs onto the customer,which would negatively impact the demand,"Belskiy added.

Source: http://www.automotive-business-review.com/news/ev-sales-to-cross-60000-in-central-and-eastern-europe-region-by-2017-130612
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EV Sales to Cross 60, 000 in Central and Eastern Europe Region by 2017
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