29 Apr '14, 11am

Plug-In Electric Vehicles on Roads in the United States Will Surpass 2.7M by 2023

expects that figure to grow rapidly over the next 10 years, as more models become available, the price premium for plug-in electric vehicles compared to conventional vehicles narrows, and charging infrastructure is deployed widely. According to firm's new report, the number of plug-in electric vehicles on roads in the United States will grow from nearly 296,000 in 2014 to more than 2.7 million in 2023. “The U.S. market for plug-in electric vehicles is reaching a new level of maturity and expansion,” says Scott Shepard, research analyst with Navigant Research. “The introduction of plug-in electric vehicle options in the truck, van, and sport utility vehicle segments – which make up half the North American automotive market – will help drive strong growth in the plug-in electric vehicle market going forward.” The major regional plug-in electric vehicle markets, North America...

Full article: http://puregreencars.com/Green-Cars-News/markets-finance/...

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