TechNavio today launched its report Electric Vehicle Market in the US 2011-2015 based on an in-depth study focusing exclusively on the US. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The increasing growth of the Electric Vehicle Charging Infrastructure market in the US is expected to be a major trend in the future that will lead to the growth of the Electric Vehicle market in the US. Both the manufacturers and the US Government will increase their spending on the development of infrastructure to increase demand in the US. Electric vehicle charging is expected to increase tremendously by 2015.”
According to the report, the increasing number of advanced vehicle technology projects in the US has become one of the major drivers for the growth of the Electric Vehicle market in the US.
Further, the report also discusses that the high cost of electric vehicles has become one of the major challenges inhibiting the growth of the Electric Vehicle market in the US.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/sB0FS
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TechNavio Announces the Publication of its Report – Electric Vehicle Market in the US 2011-2015
