
Sales of pure electric cars grew over 50% in 2015, ten times the growth of the car market overall. Hybrid electric cars are already a large business. Look at electric vehicles by land, water and air and you see a huge business growing rapidly and increasingly dominated by the electrics and electronics within these vehicles as it rises from about 40% to 70% in the coming decade. This report concerns power electronics for electric vehicles with the emphasis on the largest market, that for on-road vehicles, particularly cars and buses. It is intended for those seeking to invest, support, develop, make, sell or use power electronics and their components and associated services. It will also assist those participating in the value chain of linked devices, such as batteries, supercapacitors, in-wheel systems, transmissions and electric motors, to understand the considerable opportunities for both collaborative use of their components and even merging with power electronics.