It may be the latest electric sports cars and sedans that dominate the headlines, but over the next five years it is the humble delivery van that is likely to determine the success of the burgeoning electric vehicle market.
That is the conclusion of new research from analyst firm Frost & Sullivan to be released later this week, which predicts that electric buses, vans and trucks will account for 70 per cent of the electric vehicle market in the EU and North America by 2015.
"On an optimistic note, Frost & Sullivan analysis shows that close to four per cent of the total commercial vehicle sold by 2015 will be electric," said Vishnu Muralidharan, senior research analyst at Frost & Sullivan's Automotive Practice. "Vans and light trucks offer the maximum electrification potential in both US and Europe."
The company said depot-based delivery vehicles were likely to prove a particularly fertile market for electric vehicle manufacturers as they tend to operate on a limited range and undertake predictable journeys.
It also predicted that while most electric commercial vehicles available today are light weight vans, expected improvements in battery technologies mean that medium and even large sized trucks are likely to be available on the market in the next few years.
The sector has also been further bolstered by generous government incentives, such as the British government's recent pledge to provide tax breaks for electric vans.
That is the conclusion of new research from analyst firm Frost & Sullivan to be released later this week, which predicts that electric buses, vans and trucks will account for 70 per cent of the electric vehicle market in the EU and North America by 2015.
"On an optimistic note, Frost & Sullivan analysis shows that close to four per cent of the total commercial vehicle sold by 2015 will be electric," said Vishnu Muralidharan, senior research analyst at Frost & Sullivan's Automotive Practice. "Vans and light trucks offer the maximum electrification potential in both US and Europe."
The company said depot-based delivery vehicles were likely to prove a particularly fertile market for electric vehicle manufacturers as they tend to operate on a limited range and undertake predictable journeys.
It also predicted that while most electric commercial vehicles available today are light weight vans, expected improvements in battery technologies mean that medium and even large sized trucks are likely to be available on the market in the next few years.
The sector has also been further bolstered by generous government incentives, such as the British government's recent pledge to provide tax breaks for electric vans.
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