A recent report from Navigant Research analyzes the North American market for light duty plug-in electric vehicles (PEVs), including detailed geographic forecasts of plug-in electric vehicle (PEV) sales by U.S. state, metropolitan statistical area, Canadian province, Canadian city, and selected U.S. utility service area.
North America is currently the world’s largest market for PEVs, with more than 133,000 sold in 2014, and the majority of vehicles concentrated in California. State incentives, such as the Zero Emissions Vehicle Program, are expected to push more widespread adoption into other U.S. states and throughout Canada, as well.
According to a recent report from Navigant Research, light duty PEV sales in North America are expected to total nearly 7.4 million from 2015 to 2024.
“The increasing availability of electric vehicle supply equipment (EVSE), or charging stations, is one factor that is helping to drive the PEV market in North America,” says Scott Shepard, research analyst with Navigant Research. “Expansion of EVSE infrastructure to intra-city locations will make PEVs more attractive to drivers initially concerned about being unable to charge their vehicle during longer trips.”
To date, PEV sales have been concentrated in areas where lucrative government incentives have been offered for both drivers and vehicle manufacturers, according to the report. In the United States, automakers are reaping incentive benefits from PEVs that comply with federal Corporate Average Fuel Economy (CAFE) standards, and in turn are offering generous lease terms to drivers.
[source: Navigant Research]
