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MORE THAN 12,500 EVS SOLD IN Q1 2013; 22 MILLION EVS TO BE SOLD BY 2020

Posted by Industry News on Apr 29, 2013
Denver Post // Apr 29, 2013

Navigant Research released a new report this week that predicts sales of electric vehicles will reach 22 million by 2020. With wider availability, greater charging infrastructure, and falling prices, sales of EVs have already begun to break records.

"The average price for fuel for conventional vehicles will likely continue to rise through the remainder of this decade, driving demand for electric vehicles," said Dave Hurst, principal research analyst with Navigant Research.

News reports suggest the surge in electric vehicles has already begun. Tesla announced strong first quarter performance, and sales both the Chevy Volt and Nissan Leaf are up compared to this time last year. All told, more than 12,500 electric cars sold in the first quarter of 2013

Meanwhile, America's EV infrastructure is ever strengthening. Pennsylvania state officials say that the Pennsylvania Turnpike would open four EV charging stations this summer. Eventually, consumers should be able to charge EVs at all 17 service plazas along the Pennsylvania Turnpike. Advanced Energy Perspectives wrote about America's EV charging challenge earlier this month. Additionally, the New York Times wrote a piece last week about the challenges the grid faces as the EV market expands and more consumers charge their cars.

Read more here.

Topics: Industry News