A run on electric vehicles in leading global markets has driven EV uptake to new heights, with newly released data showing the total number of electric vehicles on the road worldwide climbed to just over 400,000 in early 2014.
A study by Germany’s Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) found that the EV count doubled over the 12 months of 2013 – a huge, 200,000 unit increase (illustrated in the chart below) that analysts believe was driven by incentive programs in the leading markets of the USA, Japan and China.
According to the ZSW study, the number of registered electric vehicles has increased at an annual growth rate of over 100 percent over the past three years, with nearly 100,000 EVs on roads worldwide in early 2012.
But according to the analysts, the most telling statistic to come from the research is that the countries with incentive programs have taken the lead in the promising electric mobility market.
As you can also see in the second chart (below), the top-selling cars are made by Japanese and American automotive companies; batteries are sourced mainly from Asia.