Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017
Green Car Congress
JUNE 16, 2011
The total number of neighborhood electric vehicles (NEVs)—low-speed street-legal electric vehicles—on the world’s roadways will grow from 479,000 in 2011 to 695,000 by 2017, a 45% increase, according to a new forecast by Pike Research. —“ Neighborhood Electric Vehicles ” Pike notes that the definition of NEV caries by country, with some regions not having a definition at all. Annual worldwide NEV sales by region, 2011–2017. Source: Pike Research.