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Frost &;amp Sullivan Report Concludes Emergence of Mega Cities Will Drive Demand for EVs

By 2020, the emergence of mega super cities in developing economies will affect personal mobility, driving the demand for EVs, according to new a new report analysis from Frost & Sullivan, 360 Degree Perspective of the Global Electric Vehicle Market - 2010 Edition.

The study is an update to an existing study which gave an overview of the EV market, indicate the development in infrastructure, business models, initiatives and consumer research. Further, this study also focuses on key trends such as mega cities, urbanization, mobility trends and car sharing. Study also provides an update to the existing sales forecasts for electric vehicles and also has similar forecasts for electric two wheelers and electric commercial vehicles.

Most offices that are expected to move to the first-belt suburbs and city centers will encompass the shopping areas (small-scale deliveries) and living areas for double/single income, no kids households. In mega cities, offices and homes are likely to be adjacent to each other, creating a favorable environment for EV deployment.

—Frost & Sullivan’s Automotive & Transportation Group Team Leader, Anjan Hemanth Kumar

Rising concerns over greenhouse gases and depleting fossil fuel sources are further solidifying the case for EVs, the report says. Car manufacturers are working on business models that will make available the car and energy under the same roof, opening up a plethora of opportunities for utilities, suppliers and finance businesses.

Associations and close participation among OEMs, battery manufacturers and energy utilities will accelerate the introduction of EVs. Market participants could also collaborate with environmental advocates and lobby for benefits.

360 Degree Perspective of the Global Electric Vehicle Market - 2010 Edition is part of the Automotive & Transportation Growth Partnership Services program, which also includes research in the following markets: 360 Degree Analysis of the European Electric Scooters and Motorcycles Market and Sustainable and Innovative Personal Transport Solutions - Strategic Analysis of Carsharing Market in Europe.

Comments

HarveyD

Many mega cities already exist. All have traffic problems.

The best way to move people around within a large mega city is with more automated electrified underground systems. The technology has been around for decades and it is very effective. Ground e-buses could be complementary to move people in areas without nearby underground systems.

BEVs could also be used but inherent traffic jams + accidents and essential parking places (with charging points) have to be resolved. Shared electrified mini-buses (10 to 15 passengers) could also be part of the solution and could take many cars off the streets..

SJC

Worldwide they may be right. Asia will continue to grow, people in India and China may not adopt the suburban model. It has more to do with fuel costs and clean air, developing nations have the chance to do it right, they do not have to go down the same path others have.

Reel$$

Interesting ideas. We have yet to see if these mega cities with people crammed into tiny living areas working in the same block can succeed. There is a distinct antisocial potential in cities crowded with people living in cocoons. It has been explored in films like Modern Times and Metropolis, and the Herculian Truman Show.

A more long sighted approach is to address the population issue and build communities that combine city centers, suburban, and rural living space. Many people with families do not want kids growing up in inner cities out of reach of farmland, greenery and slower paced life.

Efficiency IS NOT the key to these lifestyle choices. Quality of life IS.

SJC

The trend over the last 100 years is from the farm to the city. China still has 100s of millions of people out on the farm with no modern conveniences. They get jobs that pay real money in the cities, so that is where they go.

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