The plug-in electric vehicles (PEV) market has become well-established in North America, Europe, and in the developed parts of Asia Pacific, largely due to government support and purchase incentives, automakers are focusing on offerings that will attract a wider range of customers. Meanwhile, companies within the electric power sector of global markets are also determining how they can best take part in encouraging PEV market growth. According to a new report from Navigant Research, light duty electric vehicle sales are expected to grow from 2.6 million in 2015 to over six million in 2024.
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