By 2017 the global market for EVs telematics is expected to reach $1.4 billion annually.
The Pike Research report shows that the plug-in electric vehicles (PEVs) appeared for the first time in 2010 and that most of them featured at least basic telematics systems. These systems allow the driver to check the state of the battery charge and the charging station locations. In the following years, telematics will also offer availability of charging station and details on energy costs.
“Additionally, many automobile manufacturers are recognizing that including connected vehicle telematics in the early years of PEV retailing helps consumers recognize the value of the vehicle,” said Pike Research senior analyst Dave Hurst.
Consumers expressed their desire on telematics that could offer information about the weather, traffic, and cloud computing-based applications. Researchers estimate that by 2017, almost 80% of the EVs will feature such advanced connected vehicle systems. Dave Hurst also believes that those who choose PEVs are likely to be tech-savvy and more affluent than the average vehicle purchaser, and this is what will help grow interest in the more advanced connected vehicle telematics packages.