Electric Vehicle Market Shoot Up 18.5% Per Year Till 2015

The global electric vehicle market is set to grow at a rate of 18.5% per year till 2015, with the global plug-in hybrid market growing at a slightly faster rate of 19.1%, claim analysts in a report released by BCC Research titled “Hybrid & Electric Vehicle Progress Review 2010″. The researchers expect to see the international electric car market go from $26 billion in 2009 to $78 billion in 2015, an annual growth rate that outperforms the world’s fastest growing economies.

Not bad for an industry that just 10 years ago was thought to be dead in the water.

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Via MarketResearch.com

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