While BP, government leaders, and Hollywood luminaries such as James Cameron and Kevin Costner have all played a role in finally putting a cap on all three valves in the Gulf of Mexico, one silver lining is certain, the BP Gulf oil spill has confirmed that the global electric vehicles revolution is upon us.
Just recently President Barak Obama’s Administration set a target of 40 million smart meters in US homes and 1 million plug-in hybrids electric vehicles (PHEVs) by 2015 and just this week according to a Department of Energy report, US spending [$2.4 billion in stimulus spending aimed at encouraging development of new battery and electric-vehicle technology] will raise the U.S.’s manufacturing capacity for advanced vehicle batteries from 2 percent of the world market to 40 percent by 2015.
Global interest for V2G (vehicle-to-grid) technology will be fueled by consumer demand as Electric Vehicles are becoming increasingly more marketable, because they appeal to a wide spectrum of consumers. There are many types of consumers considering the purchase of an electric car: the environmentally conscience who value zero emissions and alternative fuel sources, the economically driven who are attracted to minimal vehicle depreciation and fuel savings and movers-and-shakers who are drawn to the immersive in-car experience and stylish exterior. Collectively, these are the same consumers that will be owners and evangelists for the next generation of vehicles, V2G (Vehicle to the Grid).
This 65+ page V2G report by Zpryme and sponsored by the ZigBee® Alliance:
* Begins with a global perspective and progresses into high-growth markets such as US, China, Japan, German, UK, South Korea, and Denmark
* Delves into drivers and trends such as Smart Grid and charging station deployments, renewable energy policy, rising energy costs, auto manufacturer financial viability pressures, universal standard adoption, telematics, and brand loyalty
* Explores the role of the battery space, rising cost of fossil fuels, and the Deepwater Horizon Oil Spill
* Discloses the actionable insights and opportunities to capitalize and prepare for the V2G market in both the short and long term
* Concludes with commentary from the experts in V2G (vehicle-to-grid): University of Delaware, Austin Energy, Plug in America, Ford Motor Company, Grid2Home, Electrification Coalition, Coulomb Technologies, Smart Grid Library, and ZigBee Alliance
Below is just a sample from Zpryme’s V2G Report 2010 (download the free 65+ page V2G Report at www.smartgridresearch.org):
Global V2G Vehicle Unit Forecast
From 2015 to 2020, global V2G vehicle unit sales are projected to grow from 103,900 to 1.06 million, respectively. The V2G vehicle unit sales compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 59.0 percent.
Global V2G Infrastructure Forecast
From 2015 to 2020, the global V2G infrastructure market is projected to grow from $659.9 million to $6.7 billion, respectively. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 58.9 percent.
Global V2G Technology Forecast
From 2015 to 2020, the global V2G technology market is projected to grow from $1.5 billion to $10.5 billion, respectively. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 46.8 percent.
US V2G Vehicle Market Value Forecast
From 2015 to 2020, the US V2G vehicle market value is projected to grow from $1.1 billion to $8.1 billion. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 47.7 percent.
China V2G Vehicle Unit Forecast
From 2015 to 2020, China V2G vehicle sales are projected to grow from 14,500 units to 294,000 units. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 82.6 percent.
Japan V2G Infrastructure Forecast
From 2015 to 2020, the Japan V2G infrastructure market is projected to grow from $118.6 million to $1.2 billion. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 57.2 percent.
Germany V2G Technology Forecast
From 2015 to 2020, the Germany V2G technology market is projected to grow from $99.0 million to $587.4 million. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 42.8 percent.
UK V2G Vehicle Market Value Forecast
From 2015 to 2020, the UK V2G vehicle market value is projected to grow from $0.1 billion to $1.3 billion. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 56.0 percent.
South Korea V2G Revenue Forecast
From 2015 to 2020, South Korea V2G grid revenues are projected to grow from $4.8 million to $53.2 million. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 62.1 percent.
Denmark V2G Vehicle Market Value Forecast
From 2015 to 2020, the Denmark V2G vehicle market value is projected to grow from $0.05 billion to $0.38 billion. The compound annual growth rate (CAGR) from 2015 to 2020 is projected to be 48.2 percent.
The Battery Space
For the automotive industry, securing access to high-quality, cost-effective rechargeable batteries that inspire consumer confidence in ‘range anxiety’ are crucial for future success in the V2G arena.
Insights and Opportunities
* For the next five years the market for residential charging stations will provide a greater opportunity than commercial charging stations
* Based on Japan’s current automotive technology and leadership in the EV space, look to this nation to pioneer the next generation of V2G for the mainstream
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Members gain early access to ZigBee® Alliance design information, development details and interoperability specifications; they have the opportunity to interact with other individuals whose complementary skills and capabilities may enhance the efficiency and effectiveness of their own products. Members also benefit from networking with other market leaders committed to providing interoperable wireless products and networks.
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