Electric mobility is on the rise in the US according to a recent report from IHS Markit, with new registrations for EVs doubling year over year from just over 100,000 in 2017 to more than 208,000 in 2018. What’s more is that US EV customer loyalty rates increased as well with nearly 55 percent of all new EV owners who returned to market during the fourth quarter of 2018 acquiring (purchasing or leasing) another EV, up from 42 percent in the prior quarter, according to IHS Markit.
This growth raises the question: what’s on the horizon for electric mobility in the US and how can consumers learn more? We tuned into the newly launched theEVox Network* on YouTube to take a look at the latest technology that’s meeting this increasing consumer demand. Here are the 3 trends to watch:
More Models + More Markets = More Fun
With more all-electric models on the way, IHS Markit predicts that more than 350,000 new EVs will be sold in the US in 2020, for a 2% share of the market. The firm also believes that by 2025, 1.1 million EVs will be sold in the US for a 7% total share. We took a look inside the latest models from brands like Audi, Jaguar, and Smart EQ to explore all the new features.
Electric Buses Take A Bite Out Of Oil Demand
From China to New York to Santiago, e-bus fleets are curbing diesel demand and reshaping public transportation. And with more states and cities making large-scale commitments to electrify their fleets of buses, we expect this trend to continue. We even expect fleet electric vehicles will surpass passenger vehicles before too long. By 2040, Bloomberg New Energy Finance (BNEF) predicts that 80 percent of the world’s city bus fleets will be electric.
The E-Scooter & E-Bike Craze
Electric scooters and electric bikes are taking over sidewalks across major North American cities. Increased urbanization coupled with road congestion are driving growth of these new technologies, which now have a presence in more than 25 states. And with ride sharing giants Lyft and Uber now in the game, we should expect to see a lot more from this sector in 2019.
Want even more thEVox content? Tune in every Monday at 2:30PM ET to be the first to watch our latest video, and if you’re a follower, expect backstage coverage during filming days and the latest news updates three times a day plus interactive stories.
*This post was sponsored by theEVox.