More Than 1 Million Electric Cars Projected to Be on Asian Roads by 2015


National and local incentives promoting the use of electric vehicles in Asia will help put more than 1.4 million plug-in hybrid and electric vehicles on roadways by 2015, making it the largest market worldwide for electrified vehicles, according to a new report. While Asian markets have so far focused on production of plug-in hybrids, market attention will increasingly turn to the development of all-electric vehicles, according to the report by Colorado-based Pike Research.

More than half of all plug-in electric vehicles will be sold in China, where government incentives will help the market achieve a compounded annual growth rate of 76 percent by 2015. The biggest seller in Japan, the region’s second-largest market, will be plug-in hybrids. While concerns about range and availability of charging points have been a barrier to sales of green vehicles, Pike Research said there will likely be more than 2.6 million electric vehicle charge points across the region by 2015.

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