Does September Indicate Reverse Of Downtrend In Plug-In Electric Cars Sales?
Plug-in electric car sales in the US decreased year-over-year in September to 10,134 or 7% down, but up 13% from the month prior.
The drop is similar to most of the other months this year, although this time the decrease was smaller than in recent months.
This is also the first time in several years that the EV industry in the US has grown between the August and September period(+13% in 2015, -11% in 2014, -21% in 2013).
Hopefully, this marks the long-awaited reverse of the sales downtrend and a return back to double-digit growth.
Whether the plug-in market will lift up like the Falcon Doors of the Tesla Model X, or remain weak depends on the delivery ramp-up of the 2016 Chevrolet Volt, Tesla Model X and 30 kWh version of the Nissan LEAF, as well as progress of other models.
Market share of plug-in improved a little bit to some 0.70% in September, although this still is far from 0.88% from one year ago:
10 plug-in models represents 90% of the market, while the Tesla Model S takes 20%: