Chevrolet leading the way, but other OEMs are 'contenders'

chartChevrolet is the current leader in the plug-in-vehicle market, both in terms of strategy and execution, according to a new report by Pike Research. Renault, Toyota and Nissan as very close contenders for leadership, though all have that limited their scoring in Pike's evaluation.

In good news for Michigan manufacturers, the report calls Ford the "sleeping giant" of the PEV market, with a strong strategy but products that have yet to launch.

Overall, the report forecasts robust growth in the PEV market, with global sales increasing from 137,950 vehicles in 2012 to 1.75 million in 2020. The U.S. is likely to remain the largest single market with annual sales reaching 400,073 vehicles by 2020.