World Hybrid & Electric Vehicles

 Published On: Jun, 2014 |    No of Pages: 426 |  Published By: Freedonia | Format: PDF
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Global H/EV sales to reach 25 million units in 2018
Hybrid and electric vehicle (H/EV) sales will more than double to 25 million units in 2018. Market advances will be led by micro and mild hybrids. Micro hybrids are conventional vehicles equipped with start-stop systems. Mild hybrids also have regenerative braking, and some of these come equipped with a small electric motor that helps start the vehicle but can not propel it without the aid of an internal combustion engine. These systems offer significant fuel savings considering their relatively low cost, and can lower overall vehicle emissions. In 2018, micro and mild hybrids will account for 80 percent of all H/EV demand, followed by full and plug-in hybrids and electric vehicles.

Western Europe to remain largest regional market
Western Europe was the first region to adopt micro/mild hybrid vehicles on a mass scale. As a result, it will remain the largest regional market for micro and mild hybrids and for H/EVs overall, representing 44 percent of total demand in 2018. However, micro/mild hybrid sales are projected to grow faster in other parts of the world, particularly in North America and the Asia/Pacific region. Electric vehicle demand in these regions will exhibit the fastest gains of any type through 2018, albeit from a very small current market base.

Expansion in China, Japan to spur Asia/Pacific growth
The Asia/Pacific region, led by China, will represent the fastest growing market for H/EVs through 2018. Sales gains will be fueled by an increasing number of micro/mild hybrids offered for sale in the country and further narrowing of the price premium over conventional vehicles. In addition, European, Japanese, and US automakers will continue to open and expand existing plants in China and partner with domestic firms to take advantage of government subsidies for vehicles purchased from locally based suppliers. The Asia/Pacific region is also home to Japan, which will remain the world’s largest market for full and plug-in hybrids, representing two-fifths of all demand for those vehicle types in 2018. The US will continue to have the world’s highest electric vehicle sales, accounting for over one-fifth of the global total.

Higher fuel prices, lower cost parts key to H/EV affordability
Increases in overall H/EV demand will be stimulated by high global fuel prices and supported by reductions in component (especially battery) prices as output levels climb and greater economies of scale are achieved. This will help make H/EVs more affordable to the average vehicle purchaser, a particularly major factor in industrializing countries where privately owned vehicles remain a relative luxury. Heightened concerns about air pollution worldwide will also lead to the enactment of additional regulations and subsidy programs supporting sales and use of H/EVs, as these vehicles have the potential to significantly reduce tailpipe emissions.Light vehicles will account for over 99 percent of all H/EV sales in 2018. Nevertheless, demand for fuel-efficient H/EV medium and heavy duty trucks will more than triple as their price premium over conventional models shrinks. The technology required to manufacture H/EVs is more sophisticated than that for conventional motor vehicles. As a result, H/EV production is concentrated among a relatively few large automakers with considerable research and development resources. However, a number of smaller startup companies have entered the electric vehicle industry, with Tesla Motors being the most successful to date. While merger and acquisition activity among vehicle producers is rare, most OEMs have at least one H/EV-related cooperative agreement with another automaker.

Study coverage
This Freedonia industry study, World Hybrid & Electric Vehicles, presents historical data (2003, 2008 and 2013) plus forecasts for 2018 and 2023 for supply and demand, as well as demand by type and segment, in 6 regions and 17 countries. The study also assesses key market environment factors, examines emerging technology, evaluates company market share data and profiles 44 global competitors.

INTRODUCTION xii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Population Overview 10
Per Capita GDP Trends 12
World Motor Vehicle Overview 14
Motor Vehicle Production 15
Motor Vehicle Demand 18
Motor Vehicles in Use 20
Environmental & Regulatory Factors 22
Emissions Regulations 23
Rebates & Incentives 25
Pricing Trends 27

III. TECHNOLOGY 29
General 29
Hybrid & Electric Powerplants 30
Micro/Mild Hybrid 32
Full Hybrid 33
Plug-In Hybrid 34
Battery Electric 34
Fuel Cell 35
Hybrid & Electric Vehicle Commercialization Issues 36
Safety Concerns 36
Battery Life 36
Electric Vehicle Range 38
Fueling Infrastructure Readiness 38
Energy Storage Technologies 39
Well-to-Wheels Efficiency & Pollution Comparisons 41
Regulatory Compliance 42
Technology Penetration 44

IV. WORLD SUPPLY & DEMAND 45
General 45
Regional Overview 46
Demand 46
Vehicles in Use 49
Production 51
Micro/Mild Hybrid Vehicle Production 54
Full/Plug-In Hybrid & Electric Vehicle Production 55
International Trade 56
Demand by Type 58
Hybrid 61
Micro/Mild Hybrid 62
Full Hybrid 65
Plug-In Hybrid 68
Electric 70
Battery 72
Fuel Cell 73
Demand by Segment 75
Light Vehicles 75
Medium & Heavy Trucks & Buses 78

V. NORTH AMERICA 80
General 80
Hybrid & Electric Vehicle Supply & Demand 81
Hybrid & Electric Vehicle Market Outlook 85
United States 87
Canada 94
Mexico 100

VI. WESTERN EUROPE 107
General 107
Hybrid & Electric Vehicle Supply & Demand 109
Hybrid & Electric Vehicle Market Outlook 112
Germany 115
United Kingdom 121
France 127
Italy 133
Spain 139
Netherlands 145
Belgium 151
Austria 157
Sweden 163
Other Western Europe 169

VII. ASIA/PACIFIC 176
General 176
Hybrid & Electric Vehicle Supply & Demand 178
Hybrid & Electric Vehicle Market Outlook 181
Japan 184
China 191
India 197
South Korea 204
Other Asia/Pacific 210

VIII. OTHER REGIONS 217
Central & South America 217
Eastern Europe 224
Russia 231
Poland 237
Other Eastern Europe 243
Africa/Mideast 249

IX. INDUSTRY STRUCTURE 257
General 257
Industry Composition 258
Market Share 261
Micro/Mild Hybrid Vehicles 262
Full/Plug-In Hybrid Vehicles 263
Electric Vehicles 264
Research & Product Development 266
Manufacturing 267
OEM & Supplier Competitive Strategies 268
Marketing & Distribution 269
Cooperative Agreements 271
Financial Issues & Requirements 280
Mergers, Acquisitions, & Industry Restructuring 281
Company Profiles 283
Alcoa Incorporated 284
Anhui Jianghuai Automobile Company Limited 285
Bayerische Motoren Werke AG 286
Blue Energy, see GS Yuasa and Honda Motor
BMW Brilliance Automotive, see Bayerische Motoren Werke
Bosch (Robert) GmbH 290
BYD Company Limited 295
Chery Automobile Company Limited 298
Chongqing Changan Automobile Company Limited 299
Continental AG 301
Daimler AG 304
Delphi Automotive plc 311
DENSO Corporation 314
Deutsche ACCUmotive, see Daimler
Eaton Corporation plc 316
Exide Technologies 318
Fiat SpA 320
Ford Motor Company 322
Freescale Semiconductor Incorporated 325
Freightliner Custom Chassis, see Daimler
Fuji Electric Company Limited 326
General Motors Company 328
Gillig LLC 331
GS Yuasa Corporation 332
Halla Visteon Climate Control, see Visteon
Hitachi Limited 334
Honda Motor Company Limited 336
Hyundai Motor Company 341
JAC Motors, see Anhui Jianghuai Automobile
JATCO, see Mitsubishi Motors and Nissan Motor
Johnson Controls Incorporated 345
Keihin Corporation 347
Kia Motors, see Hyundai Motor
LG Chem Limited 349
Linamar Corporation 351
Lithium Energy and Power, see Bosch (Robert) and GS Yuasa
Lithium Energy Japan, see GS Yuasa and Mitsubishi Motors
Mazda Motor Corporation 353
Mitsubishi Fuso Truck and Bus, see Daimler
Mitsubishi Motors Corporation 355
New Flyer Industries Incorporated 359
Nissan Motor Company Limited 361
NMKV, see Mitsubishi Motors and Nissan Motor
NuCellSys, see Daimler
Panasonic Corporation 368
Peugeot SA 370
Renault SA 373
Saft Groupe SA 378
SAIC Motor Corporation Limited 380
Samsung SDI Company Limited 381
SB LiMotive, see Samsung SDI
Shenzhen BYD Daimler New Technology, see BYD and Daimler
Suzuki Motor Corporation 383
TE Connectivity Limited 385
Tesla Motors Incorporated 386
Toshiba Corporation 389
Toyota Motor Corporation 391
Valeo SA 398
Visteon Corporation 402
Volkswagen AG 404
Volvo Car Group 410
ZF Friedrichshafen AG 412
Zytek Group Limited 415
Other Companies Mentioned in the Study 417

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 9
2 World Population by Region 12
3 World Per Capita Gross Domestic Product by Region 14
4 World Motor Vehicle Production by Type & Region 18
5 World Motor Vehicle Demand by Type & Region 20
6 World Motor Vehicles in Use by Type & Region 22

SECTION III -- TECHNOLOGY
1 Comparison of Hybrid & Electric Powertrain Types 31

SECTION IV -- WORLD SUPPLY & DEMAND
1 World Hybrid & Electric Vehicle Demand by Region 48
2 World Hybrid & Electric Vehicles in Use by Region 50
3 World Hybrid & Electric Vehicle Production by Region 53
4 World Micro/Mild Hybrid Vehicle Production by Region 55
5 World Full/Plug-In Hybrid & Electric Vehicle Production by Region 56
6 World Hybrid & Electric Vehicle Net Exports by Region 58
7 World Hybrid & Electric Vehicle Demand by Type 60
8 World Hybrid Vehicle Demand by Type & Region 62
9 World Micro/Mild Hybrid Vehicle Demand by Region 64
10 World Full Hybrid Vehicle Demand by Region 67
11 World Plug-In Hybrid Vehicle Demand by Region 69
12 World Electric Vehicle Demand by Type & Region 71
13 World Hybrid & Electric Vehicle Demand by Segment 75
14 World Hybrid & Electric Light Vehicle Demand by Type & Region 77
15 World Hybrid & Electric Medium & Heavy Duty Truck & Bus Demand by Type & Region 79

SECTION V -- NORTH AMERICA
1 North America: Hybrid & Electric Vehicle Supply & Demand 84
2 North America: Hybrid & Electric Vehicle Demand by Type & Segment 86
3 United States: Hybrid & Electric Vehicle Supply & Demand 91
4 United States: Hybrid & Electric Vehicle Demand by Type & Segment 93
5 Canada: Hybrid & Electric Vehicle Supply & Demand 98
6 Canada: Hybrid & Electric Vehicle Demand by Type & Segment 100
7 Mexico: Hybrid & Electric Vehicle Supply & Demand 104
8 Mexico: Hybrid & Electric Vehicle Demand by Type & Segment 106

SECTION VI -- WESTERN EUROPE
1 Western Europe: Hybrid & Electric Vehicle Supply & Demand 111
2 Western Europe: Hybrid & Electric Vehicle Demand by Type & Segment 114
3 Germany: Hybrid & Electric Vehicle Supply & Demand 119
4 Germany: Hybrid & Electric Vehicle Demand by Type & Segment 121
5 United Kingdom: Hybrid & Electric Vehicle Supply & Demand 125
6 United Kingdom: Hybrid & Electric Vehicle Demand by Type & Segment 127
7 France: Hybrid & Electric Vehicle Supply & Demand 131
8 France: Hybrid & Electric Vehicle Demand by Type & Segment 133
9 Italy: Hybrid & Electric Vehicle Supply & Demand 137
10 Italy: Hybrid & Electric Vehicle Demand by Type & Segment 139
11 Spain: Hybrid & Electric Vehicle Supply & Demand 143
12 Spain: Hybrid & Electric Vehicle Demand by Type & Segment 145
13 Netherlands: Hybrid & Electric Vehicle Supply & Demand 149
14 Netherlands: Hybrid & Electric Vehicle Demand by Type & Segment 151
15 Belgium: Hybrid & Electric Vehicle Supply & Demand 155
16 Belgium: Hybrid & Electric Vehicle Demand by Type & Segment 157
17 Austria: Hybrid & Electric Vehicle Supply & Demand 161
18 Austria: Hybrid & Electric Vehicle Demand by Type & Segment 163
19 Sweden: Hybrid & Electric Vehicle Supply & Demand 167
20 Sweden: Hybrid & Electric Vehicle Demand by Type & Segment 169
21 Other Western Europe: Hybrid & Electric Vehicle Supply & Demand 173
22 Other Western Europe: Hybrid & Electric Vehicle Demand by Type & Segment 175

SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific: Hybrid & Electric Vehicle Supply & Demand 180
2 Asia/Pacific: Hybrid & Electric Vehicle Demand by Type & Segment 183
3 Japan: Hybrid & Electric Vehicle Supply & Demand 188
4 Japan: Hybrid & Electric Vehicle Demand by Type & Segment 190
5 China: Hybrid & Electric Vehicle Supply & Demand 195
6 China: Hybrid & Electric Vehicle Demand by Type & Segment 197
7 India: Hybrid & Electric Vehicle Supply & Demand 202
8 India: Hybrid & Electric Vehicle Demand by Type & Segment 204
9 South Korea: Hybrid & Electric Vehicle Supply & Demand 208
10 South Korea: Hybrid & Electric Vehicle Demand by Type & Segment 210
11 Other Asia/Pacific: Hybrid & Electric Vehicle Supply & Demand 214
12 Other Asia/Pacific: Hybrid & Electric Vehicle Demand by Type & Segment 216

SECTION VIII -- OTHER REGIONS
1 Central & South America: Hybrid & Electric Vehicle Supply & Demand 221
2 Central & South America: Hybrid & Electric Vehicle Demand by Type & Segment 223
3 Eastern Europe: Hybrid & Electric Vehicle Supply & Demand 227
4 Eastern Europe: Hybrid & Electric Vehicle Demand by Type & Segment 230
5 Russia: Hybrid & Electric Vehicle Supply & Demand 235
6 Russia: Hybrid & Electric Vehicle Demand by Type & Segment 237
7 Poland: Hybrid & Electric Vehicle Supply & Demand 241
8 Poland: Hybrid & Electric Vehicle Demand by Type & Segment 243
9 Other Eastern Europe: Hybrid & Electric Vehicle Supply & Demand 247
10 Other Eastern Europe: Hybrid & Electric Vehicle Demand by Type & Segment 249
11 Africa/Mideast: Hybrid & Electric Vehicle Supply & Demand 254
12 Africa/Mideast: Hybrid & Electric Vehicle Demand by Type & Segment 256

SECTION IX -- INDUSTRY STRUCTURE
1 World Hybrid & Electric Vehicle Sales by Company, 2013 260
2 Selected Cooperative Agreements 273
3 Selected Acquisitions & Divestitures 282

LIST OF CHARTS

SECTION IV -- WORLD SUPPLY & DEMAND
1 World Hybrid & Electric Vehicle Demand by Region, 2013 49
2 World Hybrid & Electric Vehicles in Use by Region, 2013 51
3 World Hybrid & Electric Vehicle Production by Region, 2013 54
4 World Hybrid & Electric Vehicle Demand by Type, 2013 60
5 World Micro/Mild Hybrid Vehicle Demand by Region, 2013 65
6 World Full Hybrid Vehicle Demand by Region, 2013 68
7 World Plug-In Hybrid Vehicle Demand by Region, 2013 70
8 World Electric Vehicle Demand by Region, 2013 72

SECTION V -- NORTH AMERICA
1 North America: Hybrid & Electric Vehicle Demand by Country, 2013 85

SECTION VI -- WESTERN EUROPE
1 Western Europe: Hybrid & Electric Vehicle Demand by Country, 2013 112

SECTION VII -- ASIA/PACIFIC
1 Asia/Pacific: Hybrid & Electric Vehicle Demand by Country, 2013 181

SECTION VIII -- OTHER REGIONS
1 Eastern Europe: Hybrid & Electric Vehicle Demand by Country, 2013 228

SECTION IX -- INDUSTRY STRUCTURE
1 World Hybrid & Electric Vehicle Market Share, 2013 262
2 World Micro/Mild Hybrid Vehicle Market Share, 2013 263
3 World Full/Plug-In Hybrid Vehicle Market Share, 2013 264
4 World Electric Vehicle Market Share, 2013 265


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