Frost & Sullivan to Provide Industry Leaders With Key Electric Vehicle Market Insights

MOUNTAIN VIEW, Calif., May 7 /PRNewswire/ -- Frost & Sullivan's Automotive & Transportation group will moderate a panel discussion at the Telematics Detroit 2010 event on June 9, 2010. The panel discussion aims to explore the growth opportunities, trends and new application potential within the electric vehicle market.

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By 2020, huge shifts in urbanization and society are expected, which will collectively impact personal mobility.  Electric vehicles (EV) expect to be in the forefront of these changes with ground-breaking products, innovative business models and new customer experiences.

Frost & Sullivan forecasts global EV sales to hit one million units in 2015, with 3 out of 4 vehicles sold using new business models.  This is similar to how mobile phones are packaged into the wireless service today.  In addition to the high price, the limited full-charge driving range of battery EVs (typically 100 miles), along with the lack of a public charging network, is a major impediment to the adoption of EVs.  Telematics can help alleviate "range anxiety" of EV drivers by providing critical information regarding the battery's state of charge, charging point location, charger compatibility and charging price. In addition, telematics can also support a range of other services to enhance the convenience and driving experience of EV owners.

"Given the significantly higher and complex electric/electronic content of EVs and their need to communicate with a broad value chain - charging service providers, utility companies, vehicle manufacturers, and other EV service and content providers - telematics will be critical to the success of the EV market," notes Veerender Kaul, Frost & Sullivan's Automotive & Transportation Research Director.

The 10th annual Telematics Detroit Conference & Exhibition in Novi, Michigan on June 8-9, 2010 will explore lucrative business opportunities and delve deeper into the strategies current industry leaders must deploy to guard against intensifying competition and market threats. With over 450 attendees confirmed already, Telematics Detroit 2010 looks to be the biggest and most robust to date.  All attendees need to pre-register for the event. For the full speaker lineup, agenda and more details please visit:  http://www.telematicsupdate.com/detroit/index.shtml.

Telematics Update provides a weekly e-newsletter, interviews and business information for senior executives with an interest in infotainment, telematics and location based services, commercial vehicle telematics and vehicle safety markets. Telematics Update has organized leading business conferences in Europe, the USA and Asia-Pacific since 2000.

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SOURCE Frost & Sullivan