U.S: Over 600,000 Plug-in-Hybrid Vehicles will be Sold by 2015 Says New Report

Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report analysing preferences, attitudes, and willingness to pay for plug-in hybrid electric vehicles and power charging. End Quote

(1888PressRelease) September 19, 2009 - According to the report “Electric Vehicle Consumer Survey” available at http://www.reportbuyer.com/go/PIK00001 plug-in hybrid electric vehicles (PHEVs) are considered by many in the United States to be one of the highest-potential emerging consumer product categories of the next few years.

A number of leaders in both industry and government are looking to PHEVs to take the automotive market to its next stage of evolution, building on the success of hybrid electric vehicles (HEVs) and potentially creating a bridge to the full electrification of the automobile. The key selling point of PHEVs is their dramatically improved fuel economy over standard gasoline vehicles that are based on internal combustion engines. This efficiency is expected to drive further benefits in the form of carbon emissions reduction and lesser dependence on foreign oil. The new report forecasts that more than 600,000 PHEVs will be sold in the U.S. by 2015, following their market introduction in 2010.

In order to assess the dynamics of consumer demand for PHEVs and their associated electrical charging infrastructure, the report provides a web-based survey of 1,041 U.S. consumers in Q2 2009 using a nationally representative and demographically balanced sample. The survey finds that the majority of U.S. consumers have driving patterns that are consistent with the capabilities of first-generation PHEVs, and fundamental interest in the category is strong, with 48% stating that they would be extremely or very interested in a PHEV with a 40-mile range. Interest in fast charging outlets was likewise strong, though consumers willingness to pay for these outlets is out of line with industry expectations.

The report “Electric Vehicle Consumer Survey” is available from Report Buyer at:
http://www.reportbuyer.com/automotive/cars/hybrid_electric_vehicles/electric_vehicle_consumer_survey.html

Report Buyer product ID: PIK00001

About Report Buyer.
Report Buyer (http://www.reportbuyer.com/automotive/cars/hybrid_electric_vehicles/index.html) is the independent online store for global business information. The website now lists more than 100,000 company overviews, market research reports, industry studies and business books from over 290 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.

###

Visit Report Buyer Website

space