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First Factory-Built Fisker Karma – Click above for high-res image gallery

Led by strong demand from consumers in China, Japan and Korea, and influenced by national-level initiative programs, the Asia-Pacific region, according to Pike Research, is expected to become the world's largest market for plug-in vehicles by 2015. Sales of electrified vehicles in Asia-Pacific are expected to top 1.2 million in five year's time, with China leading the way with an impressive 554,114 plug-in on its roads.

Honda's chief executive officer, Takanobu Ito, has told a small group of reporters at a test-drive event outside of Tokyo that, actually, there is sufficient demand for battery-powered vehicles and the automaker can no longer shun the technology as impractical or unrealistic. Ito's words run counter to those of former Honda CEO Takeo Fukui, who strongly supported fuel-cell vehicles and showed virtually no interest in exploring or developing battery-only autos. Ito endorsed electric vehicles, tel

According to a recent study released by McKinsey & Company, an international consultancy firm, the U.S. is at the top of a list as the country most likely to lead in the emergence of electric vehicles (EVs). The study looked at nine variables that may influence each country's likelihood of adopting EVs as a means for mass transportation, including production costs, electricity rates, government incentives and consumer interest.