Lazard中国新能源电动汽车研究分析报告.pdf

INDUSTRY NOTE March 5, 2010 ALTERNATIVE ENERGY INFRASTRUCTURE Update Electric Vehicle adoption: Solid growth potential for battery suppliers, new vehicles, and charging infrastructure SANJAY SHRESTHA We believe 2010 will be an important year for the electric vehicle industry as it looks to 212-632-2680 sanjay.shrestha@ develop into a mainstream transportation solution. The year should see the first wave of electric vehicles to be launched in the US, led by the Nissan Leaf, Coda, Think City, GM Volt, SARAH MARTIN and the high-end Fisker Karma. These vehicles will provide early insight into customer buying 212-632-1597 sarah.martin@ patterns, driving behavior, and effectiveness of early charging solutions, and lay the groundwork for much larger-scale deployment of EVs in the future. JENNY ZHANG 212-632-6427 The development of a public charging infrastructure is critical to the success of electric jenny.zhang@ vehicles as customers benefit from greater flexibility around charging times and extended range. The US, with help from the DOE and private industry, is leading the way globally in building large-scale charging infrastructure, as evidenced by the recently announced EV Project Launched in partnership with Nissan, the EV Project will accelerate the early adoption of Nissan Leaf and other electric vehicles, providing valuable information on charging locations, revenue models, and customer preferences. Similar projects, though on a smaller scale, are