Published on September 19th, 2012 | by Adam Johnston0
California Will Have 25% of US PEV Sales from 2012-2020, New Report Finds
September 19th, 2012 by Adam Johnston
A new study from Colorado–based Pike Research suggests that close to one-quarter (25%) of US plug-in electric vehicles sold between 2012-2020 will come from California.
“PEV sales roughly correspond to population, but other factors, including demographics, socioeconomics, and public policy, have a strong influence as well,” said Pike Research senior research analyst Dave Hurst.
“Florida, for example, the third largest market for PEVs, has 60 percent of the population of California, but by 2020 Florida will have only 25 percent the number of PEVs found in California,” he said.
The analysis also noted Hawaii will have the highest penetration rate, thanks to shorter driving distances and higher gas prices.
Meanwhile, California will have four of the top ten US metropolitan areas in terms of PEV sales between 2012-2013. These areas include: Los Angeles/Long Beach area, San Francisco/Bay area, San José, Santa Clara region, and Sacramento, the report noted.
Source: Pike Research