SOURCE: IO Circuit

December 07, 2011 07:30 ET

Electric Vehicle Sales to Grow 106% Through 2015

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT

NEW YORK, NY--(Marketwire - Dec 7, 2011) - Li-ion Motors Corp. (OTCBB: LMCO) announced it has entered into a Letter of Intent to ship 1,000 lithium electric vehicles to Israel. The LOI is estimated at $68 million.

According to Pike Research, a Colorado based clean tech analyst firm, 3.2 million plug-in electric vehicles will be sold worldwide by 2015, with a compound annual growth rate (CAGR) of 106%. Electric vehicles will break the 1,000,000 mark for the first time that year. This is encouraging news for companies like General Motors (NYSE: GM), Nissan (PINKSHEETS: NSANY) Li-ion Motors Corp, and Tesla Motors, Inc (NASDAQ: TSLA).

The research also finds that nearly half of all US consumers polled would be "extremely" or "very" interested in purchasing an electric vehicle.

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