The global market for electric vehicle (EV) telematics is expected to reach $1.4bn per year by 2017, according to a report.
Pike Research report revealed that the plug-in electric vehicles (PEVs) were first unveiled in 2010, of which most of them were equipped with at least basic telematics systems which allow the driver to check on charging station locations and the state of the battery charge.
According to the report, the future telematics will also provide details on energy costs and availability of charging station.
Pike Research senior analyst Dave Hurst said early adopters of PEVs worldwide tend to be tech-savvy and more affluent than the average vehicle purchaser - a combination that will help grow interest in the more advanced connected vehicle telematics packages.
"Additionally, many automobile manufacturers are recognizing that including connected vehicle telematics in the early years of PEV retailing helps consumers recognize the value of the vehicle," Hurst said.
Further, consumers desire telematics which can provide live traffic, weather, streaming content, and cloud computing-based applications.
The researchers estimate that nearly 80% of the EV's will be installed with such advanced connected vehicle systems by 2017.
The cleantech market intelligence firm also reported that PEV telematics are expected to play a major role in the smart grid and will also assist in vehicle-to-grid (V2G) energy transfer.
