It is that time of year again...
Now that CES and NAIAS have teased us on the near and far future of (self driving, self charging, don't need us anymore) EVs, it is time to get down to brass tacks. How many actual plug-ins will leave United States lots in 2016?
2015 was not the rising tide that most of us had hoped (planned) for. And just to make sure we all keep full accountability here, I am starting this off with a list of my
terribly delusional slightly off predictions. Check out your own predictions in the comments from last year's post here.
Some highlights/lowlights from 2015 predictions:
The Ford Energis (and Focus EV) Performed As Expected
- Ford Energis (14k predicted - 17.5k actual) - Totally bucked my trend of gas prices and proved Ford right on their mixed model strategy. C-Max fared even better if you compare it to the regular hybrid, people really did turn to this more often as a plug-in.
- Tesla Model S (26k predicted - 25.2k actual) - Definitely the best pick of the pack, as most people doubted there wouldn't be enough demand for Model S to battle for the top sales spot with a $100k average selling price.
- BMW i3 - (10k predicted vs. 11k actual) - BMW deserves a serious round of applause beating my predictions on sales, unlike virtually every other.
- BMW i8 - (2k predicted vs. 2.2k actual) - The i8 beat out my bold sales predictions for 2015. This is truly a standout halo product for BMW, a $150k supercar styled, eco-friendly, performance machine. It holds a niche of its own. This is where Fisker wanted to be. BMW just has better engineers and deeper pockets
These Two Guys Singly-Handedly Took A Self-Inflicted Gunshot Wound To 2015 EV Sales In The US
- Nissan LEAF (32k predicted - 17k actual) - Gas prices did matter, and Georgia tax credit mattered even more.
- Chevrolet Volt (30k predicted - 15k actual) - 2016 Volt really didn't actually happen. Instead of nationwide availability in September (my expectation), we have nationwide availability in Spring 2016. So much for a 5k single month sales record.
- Tesla Model X - (6k predicted vs. 214 actual) - Tesla was estimating some ambitious numbers this time last year, we believed them. Mistake.
- Toyota Prius Plug-In - (10k predicted vs. 4k actual) - Wow, I just didn't see this coming. Toyota could have sold 20k of these if they
caredtried. Instead cutting off production in June, and didn't over build inventory. I guess all those Mirai credits will fill the gap?
What can I say? I predicted a very mild up year and we got our first down year. Totally blown. Gas prices may have provided a sag, but the 2016 Chevrolet Volt not going nationwide, Nissan taking the legs out under themselves by being too slow out with the 2016 edition LEAF and the Toyota Prius Plug-In suddenly being unavailable for half of 2015 doomed any forward momentum in the US. The rest of the field, ex these three models achieve the gains I had expected. We won't have two of these years in a row.
Time To Look Into The Future
2017 Chevrolet Volt Interior
Now that I have fully licked the wounds from last year,it is time to forget the past and brave boldly into the future. I am selectively changing the format this year. The focus will be on plug ins that consistently hold the top spots on the sales chart, and sprinkling in a few other "hot names". With the sheer number of models being released, I would have to be putting together a "McKinsey report" and charging you for it, to be fully inclusive.
Just to quickly give the background on how I do this. Despite the name of this site, I have no inside knowledge from OEM executives, tier 1 suppliers, or big dealerships conglomerates. I base these predictions on three things: articles I read on this site, my EV fanboyism, and my engineering pessimism.
I dare you to do better. And please do in the comments.
*Disclosure – Since this piece is talking about future sales of EVs including Tesla, I will let everyone know that I do own a small amount of TSLA shares. This in no way effects my opinion of Tesla or the other automakers. The stock was more of “support for the cause” purchase. Additionally, this is not a financial site and nobody should be using anything I write to guide investment decisions.
Sales predictions for the heavy hitters:
Tesla Model S Holding Its Own In 2016
Tesla Model S - 25k
If Tesla is going to hit the bottom end of their 80k - 90k in worldwide sales, they will probably need another 25k of US Model S sales to get there.
Nissan LEAF - 18k
The 2016 LEAF got an very important battery upgrade to differentiate it form the rest of the "100 mile" EVs. But unfortunately, the promise of the "affordable" 200 mile EVs is just around the corner. Enough of the EV crowd looking for a 2nd gen will hold off, but sales should improve over last year.
Chevrolet Volt - 20k
Finally 2016 will bring full availability of Volt 2.0, as a 2017 model. The Volt should be a solid sales success. My expectations are slightly lowered now that Volt 2.0 will be so closely followed by Bolt, and that national inventory likely won't arrive until ~April. Some current EV owners that are looking for the latest, greatest may just wait the extra 6 months or so for the other next-gen platform.
Ford Energi(s) Fusion/C-Max - 15k
I am lumping Fusion and C-max together this year. Ford has been masterful at maintaining inventories and moving plug-ins off the lots with their flexible manufacturing scheme. Despite the lone setback of reduced cargo space, the Energi versions have proven to be a good value for many on sales lots. Even with more options from foreign automakers coming this year, I think Ford will keep up their pace.
There May Be Less BMW i3 Sales This Year In The US
BMW i3 - 7k
i3 has been a very successful start to BMWs plug-in future, but this year has all the making of a down year for US sales.
Fiat 500e - 5k
It may be a compliance car that Sergio "doesn't want to sell", but people really love this car. It would be a 5 figure seller if it was sold nationwide.
Volkswagen eGolf - 10k
VW is really going to have to push something other than TDI for fuel efficiency in the US. eGolf should pick up some of that slack.
PiP (DOA) - 66
Yeah you read that right. There wasn't a digit (or three) missing. Toyota has no more to sell, and the production line is closed. Best of luck if you want to buy a PiP before 2017.
Sales predictions for the hot/new names:
Tesla Model X To Make An Impression In US In 2016
Model X - 15k
I feel a little sheepish on this one after missing X sales by 2800% last year. But at some point Tesla will figure out how to build more than just a few of these.
And it will happen this year. And they have already pre-sold a ton of them. And most people (that can afford one) have never seen it, touched it, or driven it.
The only way 80k - 90k worldwide total Tesla sales occurs is if many Falcon wings fly their way into driveways.
BMW i8 - 2k
This car is a flat out runaway hit for its style and price range, 2 door super/future car for $150k. Don't look for it to let up this year.
The Audi A3 Sportback e-tron - Priced Closed To The Base Edition After Incentives In US
Audi A3 eton - 5k
This might be the most interesting new "full year" offering for 2016. I feel like we are at the same point as B Class ED last year. Is Audi serious? The pricing makes me think so. It isn't full BEV, so should have wide availably and less of the infrastructure worries. Plus Dieselgate.
Mitsubishi Outlander PHEV - 1k
Don't read this prediction as any knock on the prowess of the vehicle. This has everything to do with Mitsubishi and who they are in the US. It just isn't the same brand it was 20 years ago, and they know it. We are at the bottom of their totem pole. They will ship what they have left over here, to test the water, but how many will that be? Maybe 2017 will show some real volume for this awesome vehicle.
Chrysler Pacifica Hybrid Debuts In Detroit(InsideEVs/Tom Moloughney)
Chrysler Pacifica PHEV (details here)- 1k?
I really don't have a feeling for when or at what level Fiatsler will kick this into production. But it is an incredibly interesting product.
While it might not be the plug in SUV people have been screaming on deaf ears for, it is by far the largest, most useful plug in package to hit the market. If Pacifica PHEV finds demand that exceeds production, maybe competitors will take this space more seriously.
Chevrolet Bolt EV - 326
Why so exact? Well since I have no idea when or at what level GM will get production rolling on this all new vehicle, I just took the 2010 sales of the Volt. Seems close enough to me. All of the 30k vs. 50k talk will have to wait for 2017.
Chevrolet Bolt EV - Likely Only To Make A Big Impression In 2017
Total Sales 140k
The macro auto market isn't kicking off 2016 is grand fashion and gas prices have taken some shoppers completely away from the plug-in market. So very mild growth is my safe route this year.
The releases this year is nationwide availably of Volt 2.0, and we only get that for 2/3rds of the sales year and the Model X eventually hitting full production. 2017 will be much better (Bolt, LEAF 2.0, PiP back), 2018 is going to be a tidal wave (full year Bolt/LEAF 2.0, economy plug-in SUVs, Model 3 and lots more).
Bonus Round, Vaporware:
Tesla Soon To Show Off The Model 3 (March 31st), But How Many Deposits Will They Take?
Model 3 pre-sales (March 31st debut/order details here)
Most of us know the brewing battle for 2017/2018 will be Bolt, LEAF 2.0, and Model 3 in the BEV space. Even though Tesla is assured to be the last one to put metal on the road, they ironically will be the first to take money from customers.
I am confident we get a tally on how the pre-sales of Model 3 are going almost immediately and throughout the year. This should be a barometer test for how the whole $35k, 200 mile, BEV market will do in the near future. For this reason I thought it would be worthy of including in this year's predictions.
Prediction - 100k
I know that is an absurd number, it is 86% of all 2015 US plug in sales last year. But this number won't be broken out by region. It is my lone worldwide sales number. And these hand raisers will only be risking a refundable $1k. It also may take Tesla 2.5 years of production to actually fill this level of theoretical orders...but that doesn't stop them from taking deposits. If there is a sense that not placing a deposit could put a potential buyer on the wrong side of a $7.5k tax credit, a rush could ensue.
100k is a very round, and very unlikely number. 50% below and 100% above are just as likely, I am shooting for a median prediction here.
So what do you predict? Let's battle it out in the comments!