Electric Vehicle Manufacturers Will Pursue New Revenue Streams Beyond Vehicle Sales in 2014

The global electric vehicle (EV) industry is expected to expand significantly in 2014.

The selection of models will increase, as luxury automakers Audi, BMW, Cadillac, Mercedes, Saab, and Volvo will all introduce their first EVs and more affordable EV options are introduced by Kia, Mahindra, Skoda, and Volkswagen.

According to a new white paper from Navigant Research, the coming year will see automakers move into multiple adjacent markets, including tapping into plug-in EVs