Although today electric vehicle (EV) technology is attracting significant attention and investment, it is certainly not a new sector but the resurgence of one that enjoyed considerable popularity during the latter years of the 19th century and the first decade or two of the 20th, according to Reporterlink.com.
In this March 6, 2008 photo, Ford Ka cars are assembled in Sao Bernardo do Campo, Brazil. The Ford Ka hatchback sold in Europe scored a high safety rating of four out of five stars.
The cars roll endlessly off the local assembly lines of the industry’s biggest automakers, more than 10,000 a day, into the eager hands of Brazil’s new middle class. The shiny new Fords, Fiats and Chevrolets tell the tale of an economy in full bloom that now boasts the fourth largest auto market in the world.
BMW plans to debut the production version of its first EV, the i3 concept, at this year’s Frankfurt auto show.
According to a new market research report, “Connected Car Market,” published by MarketsandMarkets, the total market is expected to reach total shipments of 59.86 million units by 2018, growing at an estimated CAGR of 41.2 percent from 2013 to 2018.
