Transmission and Distribution World published this final column in a four-part series by AEE's Bob Keough summarizing AEE's 2019 Market Report findings. Read excerpts below and the entire T&D World piece here.
According to the Advanced Energy Now 2019 Market Report, advanced transportation was the largest advanced energy segment worldwide in 2018 for the second year in a row, with an estimated US$494.8 billion in revenue, up 2% from 2017 and 8% the year before. Since 2011, the compound annual growth rate (CAGR) of advanced transportation globally was 6%. At the end of 2018, over five million plug-in electric vehicles (PEVs) were on the roads worldwide.