Study: Asia-Pacific plug-in vehicle market to exceed 1.2M by 2015

Led by strong demand from consumers in China, Japan and Korea, and influenced by national-level initiative programs, the Asia-Pacific region, according to Pike Research, is expected to become the world's largest market for plug-in vehicles by 2015. Sales of electrified vehicles in Asia-Pacific are expected to top 1.2 million in five year's time, with China leading the way with an impressive 554,114 plug-in on its roads.

Pike Research estimates that charging stations sales in Asia-Pacific, which are expected to generate revenue of more than $865 million for the area by 2015, will exceed 860,000 units by then. In addition, supplying the region's demand for plug-in vehicles will require nearly 8.8 million kWh worth of lithium-ion battery capacity.

Study: Asia-Pacific plug-in vehicle market to exceed 1.2M by 2015 — Autoblog Green