Filed under: EV/Plug-in, Green Daily

According to an updated report released by Frost & Sullivan, the emergence of megacities in developing nations will drive demand for electric vehicles (EVs) up dramatically by 2020. The study - aptly titled "360 Degree Perspective of the Global Electric Vehicle Market - 2010 Edition" - provides an overview of the EV market while also focusing on trends such as urbanization, car sharing, personal mobility and city development. The study concludes: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 suggests rising concerns over pollution and greenhouse gases will drive residents of the newly-emerging megacities to adopt EVs as a primary means of transportation. Megacities, defined as metropolitan areas that exceed 10 million residents with a minimum population density of 2,000 persons per square kilometer, could have a profound impact on the EV industry due to their massive population, but residents must first be convinced or coerced into buying EVs. Follow the jump to learn how megacities might influence the EV industry.

[Source: Frost & Sullivan via Green Car Congress | Image: Emrank - C.C. License 2.0]

Continue reading Study: Megacities will drive huge demand for electric cars by 2020

Study: Megacities will drive huge demand for electric cars by 2020 originally appeared on Autoblog Green on Mon, 16 Aug 2010 19:53:00 EST. Please see our terms for use of feeds.

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