Nearly 2 Million Electric Vehicles to Sell in U.S. by 2020
According to a recent report from Pike Research, a part of Navigant’s Energy Practice, sales of PEVs in the largest 102 cities in the U.S. will total slightly more than 1.8 million by 2020.
While sales of plug-in electric vehicles (PEVs) have fallen short of projections to date, interest in these vehicles is growing, especially in large metropolitan areas. Cities like New York City, Los Angeles, San Francisco, and Seattle combine large population areas with early rollout schedules from vehicle manufacturers, and positive attitudes toward PEVs among residents, making them fertile ground for PEV manufacturers in the coming years. According to a recent report from Pike Research, sales of PEVs in the U.S. should reach more than 1.8 million from by 2020.
“More than a quarter of all annual U.S. PEV sales will be in the top five metropolitan areas for PEV sales - New York, Los Angeles, San Francisco, Seattle, and Portland,” said Dave Hurst, senior research analyst. “But thanks to a combination of positive attitudes towards green driving, high fuel prices, and state government support, California metropolitan statistical areas will account for more than one in five PEVs sold.”
The report, “Electric Vehicle Geographic Forecasts”, provides data and forecasts for the plug-in electric vehicle market for U.S. states and metropolitan statistical areas as well as Canadian provinces and cities, including forecasts for PEV sales across selected electric utility service territories. The data includes sales forecasts from 2012 to 2020 at each geographic level and an analysis of major trends in the forecasts. An Executive Summary of the report is available for free download on the Pike Research website.