Transportation was the second largest advanced energy global market by revenue in 2011 at $325.9 billion, and the third largest U.S. segment at $8.4 billion.
Transportation is composed of five subsegments: Propulsion Systems, Vehicle Design and Materials, Freight Logistics, Land Use and Infrastructure Design, and Enabling Information Technology. Only Propulsion Systems could be quantified, so figures here understate the true market size of Advanced Energy Transportation.
Nonetheless, Transportation was the second largest advanced energy global market by revenue in 2011 at $325.9 billion. This total is expected to grow to $384.7 billion in 2012, a growth rate of 18% year over year, which would make Transportation the largest segment by market value, accounting for nearly 37% of all advanced energy revenue worldwide.
In the United States, revenue from Transportation totaled $11.7 billion in 2011, and is expected to rise to $18.7 billion in 2012, a 60% increase. The overall economic impact on U.S. GDP in 2011 was $7.8 billion, derived from the domestic content associated with U.S. market revenue, which in this segment included significant imports of advanced vehicles. This economic impact does not include the economic benefits of exports from the United States to global markets.
U.S. market activity in Transportation generated $790 million in federal tax revenue and an additional $366 million in state and local taxes in 2011.
gross domestic product
The Transportation segment contributed $7.8 billion in increased U.S. GDP in 2011.
advanced energy in action
Improvements in battery cost and performance are making PEVs practical alternatives to gasoline vehicles. Fill'er up with electrons, please.
Secure, Clean, Affordable
- Propulsion Systems
- Vehicle Design and Materials
- Freight Logistics
- Land-Use and Infrastructure Design
- Enabling Information Technology
GET THE REPORT
Get the full report, “Economic Impacts of Advanced Energy,” for details on advanced energy markets and what they contribute to the economy.
Sign up to receive AEE Weekly, AEE's newsletter featuring state and federal updates, the latest industry news, and more.