Frost & Sullivan: Electric Vehicles Power to the Forefront of Sustainable, Smart Mobility in Central and Eastern Europe

Frost & Sullivan: Electric Vehicles Power to the Forefront of Sustainable, Smart Mobility in Central and Eastern Europe PR Newswire LONDON, June 12, 2012 - Market Set to Unveil its Potential by 2014-2015 with Backing of Full- scale Government Incentives and Significantly Reduced EV Prices LONDON, June 12, 2012 /PRNewswire/ -- Electric vehicle (EV) sales in Central and Eastern Europe (CEE), a region with a population of over 100 million people and a solid macroeconomic environment, are anticipated to cross the 60,000 mark by 2017 and witness even stronger growth post 2017, generating revenue opportunities for existing and new market participants in the e-mobility area. New analysis from Frost & Sullivan (http://www.automotive.frost.com), 360 Degree Perspective Of The Central And Eastern European Electric Vehicle Industry, finds that the industry is expected to reach unit shipments of around 62,000 units by 2017, increasing from approximately 245 unit shipments in 2011 due to increasing demand for convenient, eco-efficient and sustainable mobility solutions predominantly in dynamically developing urban areas as well as due to anticipated optimisation of the supply chain and, therefore, substantial EV cost reductions. "Rising personal incomes, the process of urban sprawl and changing mobility preferences in CEE are fuelling the demand for new sustainable solutions in personal mobility," notes Frost & Sullivan Senior Consultant Vitaly Belskiy.