Noting a recent rise in consumer interest in electric vehicles, as evidenced by growing sales worldwide sales volumes which reached more than 120,000 in 2012, Pike Research forecasts that these figures will continue to rise in coming years. Forecasts, based on such factors as vehicle availability, economic growth, petroleum fuel prices, government influence on the market, and the overall vehicle market, predict not only a steady growth curve, but a robust expansion of worldwide sales of electric vehicles and hybrids, reaching annual sales of 3.8 million by 2020. The full results and additional analysis are available in the Pike Research “Electric Vehicle Market Forecast” report available for purchase at their website.

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