State of the Plug-in Electric Vehicle Market - Drive Electric Northern Colorado

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State of the Plug-in Electric Vehicle Market

    |    Categories: EV Enthusiasts, Featured, Media
Check out the State of the Plug-in Electric Vehicle Market from “EV Market Outlook,” Published on July 25, 2013
Here are some of the highlights from the article:
›Since market introduction in January 2011, more than 110,000 plug-in electric vehicles have been sold in the United States.
›Compared to hybrids’ first years on the U.S. market, twice as many plug-in electric vehicles have been sold since their market debut.
›The uptake rate of plug-in electric vehicles between 2011 and 2013 has been nearly three times what it was for hybrids between 2000 and 2002.
›Battery costs are expected to drop by about half by 2020, when the industry average price is projected to be $300-325 per kilowatt hour.
›Even today, short range plug-in hybrid electric vehicles are cost-competitive with conventional internal combustion engine vehicles and hybrids.
›Some plug-in electric vehicles are capturing unexpectedly large portions of their market segments.