Frost & Sullivan Asia Pacific NEV Report

A new report from Frost & Sullivan, Strategic Analysis of Asia Pacific Market for Neighborhood Electric , projects that China and India will be the leading sources for NEVs in 2016, accounting for over 50% of global production.  The market is currently dominated by Chinese and other Asian Pacific OEMs who largely export the vehicles to the US and Europe. According to the report, production of NEVs from the region is expected to grow to 116,900 units in 2016, representing a compounded annual growth rate of 39% since 2009.  Learn more:  Newswiretoday.com