Carmakers gearing up for mass market, 5% EVs by 2016

Post date: Nov 15, 2010 9:26:16 PM

Paris - Reuters Global Autos Summit.

Electric cars 5% of world car market by 2016.

Venturi Monaco

Carmakers are focusing on early electric vehicle challenges such as charging infrastructure and driver wariness, as mass market launches of many models draw near, executives told the Reuters Global Autos Summit.

As carbon dioxide emission legislation tightens, carmakers are looking to full electric, hybrid and plug-in hybrid technology to cut emissions.

Thierry Koskas, head of French carmaker Renault's electric vehicle project, told the summit on Monday electric vehicles would account for around 5 percent of the world car market by 2016.

source: reuters.com

Gildo Pallanca Pastor

chief executive of Monaco-based electric sportscar maker Venturi, told the summit his company is working on two- and three-wheeled models.

Venturi may open up its capital to investors to help fund its growing series of electric vehicle projects, he said. Venturi, which sells the Fetish electric sports car for around 300,000 euros, also has a deal in place with France's PSA Peugeot Citroen to deliver electric Berlingo vans. It also plans to start production of the Eclectic, a small car with solar panels, late next year