Expanding public adoption of electric vehicles appears to be in full swing, but can the market keep up this trend?
According to the most recent sales numbers of electric vehicles, they’re selling like hotcakes, if hotcakes were powered by lithium-ion and were available at an automobile dealership. It’s not just electric vehicles, such as the Tesla Model S and Fiat 500e, that are seeing success on the sales floor, but sales of other electrified vehicles are up, as well. Hybrid electric vehicles, such as the Toyota Prius and the Ford C-Max, are having a banner year, as well as plug-in hybrid electric vehicles, such as the Toyota Prius Plug-In and Ford Fusion Energi.
Nissan Leaf, a pure electric vehicle, has pulled ahead of the Chevy Volt extended-range electric vehicle in year-to-date 2013 sales. Tesla Model S 85kWh, another pure electric vehicle, by a startup electric vehicle company, is expected to see over $160/shr in the next four years [I think it'll be sooner], which is a great reflection of the popularity of the vehicle, in spite of its youth. Ford’s hybrids are gaining ground, despite being one of the automakers with the worst initial quality ratings on the market. Of course, Toyota Prius and its family members c, v, and PHEV, are leading the pack, still the most well-known hybrid vehicle on the planet.
My only question regarding all of this is if the electric vehicle market will eventually bubble and pop, as so many other markets have popped in the past. Fortunately, the slow economic growth here in the US is keeping things slower than they could be, which I’m thinking should keep it from growing too fast. Electric vehicle support structure, fast-charging stations, and public awareness, all see to be coming along nicely, so I think we’re well on our way to an electrified vehicle future!
Image © EVObsession