Nissan Max-Out Convertible Concept Unveiled At Nissan Futures Event

More

Mercedes-Benz GLE Gets New PHEV Powertrain, Fresh Look

More

2024 Mazda CX-90 Plug-in Hybrid SUV Unveiled

More

Audi Activesphere Concept is luxury crossover that turns into a pickup

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Annual Plug-in Vehicle Sales in N America to Exceed 1.1M by 2024

With more than 133,000 plug-in electric vehicles sold in 2014, North America is currently the world’s strongest market for these vehicles.

According to a new report from Navigant Research, North American plug-in vehicle sales are expected to exceed 1.1 million annually by 2024.

Overall, the United States is expected to be the largest market throughout the forecast period, with annual plug-in electric vehicle sales in 2024 exceeding 860,000 in the conservative scenario and 1.2 million in the aggressive. Annual sales in Canada, which is about 1 year behind the United States in terms of vehicle availability, are expected to reach over 74,000 plug-in electric vehicles in the conservative scenario and over 91,000 in the aggressive by 2024.

Currently, plug-in vehicle sales are concentrated in California, where the vehicles already account for over 3% of the state’s total light duty vehicle market. State incentives, alongside the mandates of the California Zero Emission Vehicle (ZEV) Program, will likely continue to push plug-in electric vehicles penetrations in the state to between 15% and 22% by 2024.

Other ZEV Program participating states are expected to see similar growth. Outside of the ZEV states, plug-in vehicle sales will grow most quickly in states with large vehicle markets, high plug-in electric vehicle incentives, well-developed infrastructure, and a high EV index.

“Automaker adoption of EV technologies as adaptations for existing model lines is growing significantly, and these technologies are being placed into larger vehicle segments such as sport utility vehicles, trucks, and minivans,” says Scott Shepard, research analyst with Navigant Research. “Similarly, the introduction of next-generation, fully electric vehicles with ranges near or over 200 miles and price points below $40,000 is expected to drastically increase mass-market EV acceptance as a pragmatic transportation option.”

While plug-in electric vehicles today represent a marginal increase in load for utilities, according to the report, EV concentration in metropolitan areas is expected to push utilities to develop strategies for load mitigation in concert with regulatory authorities. Utilities serving these metro areas, particularly in California, have been at the forefront of developing advanced demand-side management programs for residential EV charging and vehicle-grid integration, and those in emerging North American EV markets are expected to follow suit, creating new opportunities for energy aggregators and electric vehicle supply equipment service providers.

May 27, 2015Blagojce Krivevski
Ford Launches GoDrive Carsharing Service in LondonVisa Europe Becomes Title Sponsor for London ePrix Finale
You Might Also Like
 
September plug-in vehicle sales in Sweden and Finland
 
February 2016 Plug-in Sales
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

May 27, 2015 Electric Car NewsElectric Vehicle Sales, ev sales, Navigant Research, Plug-in electric vehicle, Plug-in Electric Vehicle Sales, Plug-in Electric Vehicles, plug-in sales, Plug-in Vehicle Sales
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
The Hispano Suiza Carmen Boulogne Electric Hypercar
February 6, 2023
Green NCAP Names Dacia Spring EV As The Overall Winner Of 2022
February 6, 2023
Faraday Future secures $135 million in financing commitments
February 6, 2023
BMW Invests €800M In Mexico Plant For EV Production And New Battery Plant
February 6, 2023
Karma Automotive to assemble electric delivery vehicles for B-ON
February 5, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
The Hispano Suiza Carmen Boulogne Electric Hypercar
February 6, 2023
Green NCAP Names Dacia Spring EV As The Overall Winner Of 2022
February 6, 2023
Faraday Future secures $135 million in financing commitments
February 6, 2023
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.