Published on May 26th, 2014 | by Christopher DeMorro3
EV Sales Growing Faster Than Hybrid Sales Did
May 26th, 2014 by Christopher DeMorro
Editor’s Note: We’ve written about the relatively fast growth of electric vehicle (EV) sales in the past, but a new report from market research firm IHS backs up that point again, showing that the exponential growth of EV sales has far surpassed initial growth of hybrid cars. I’ve got a few hunches why: 1) electric cars are far, far better than hybrids, 2) electric cars have several unique advantages that excite customers, 3) Tesla, 4) people were used to the idea of upgrading to a more efficient car thanks to hybrids, and electric cars are generally 2–5 times more efficient than gasmobiles and hybrids. Anyway, here’s some commentary from Chris DeMorro as well as the IHS press release:
While EV sales still make up a small slice of the overall market, they are actually selling at a faster pace than the first generaton of hybrid cars. A new report from IHS Automotive shows that when you put the first three years of EV sales side by…
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