Electric sales have grown steadily since their introduction in 2011. Plug-in vehicle adoption exceeds the adoption of hybrid vehicles over the same timeframe in their market developments.
Full-year sales for 2011 were fewer than 20,000. In 2012, that number tripled to over 53,000. And it’s currently expected that this year more than 130,000 plug-in electric vehicles are expected to be sold in the U.S. Total sales of all electric and plug-in hybrid models is approaching 350,000, but that’s still a lot less than the US goal of 1M by the end of this year.
The domestic EV fleet now offers over 2,200 megawatts of battery storage, which may offer significant opportunities for the future management of our electrical grid and the increasing role of intermittent renewable energy sources.
Manufacturers making EVs now include Nissan, Tesla, GM, Ford, Honda, Mitsubishi, Toyota, BMW, Mercedes, Smart, Kia and Fiat. These plug-in vehicles have received a wealth of consumer and industry awards.