Union of Concerned Scientists Point Out “3 Strong Trends” in Electric Vehicle Market
With Spring now upon us, the Union of Concerned Scientist says it’s “the time of year where we start to see the first signs of growth.”
Yes, the trees begin to stir back to life, the grass turns greener and the bulbs begin to spring up out of the ground, but that’s not what the Union is referring to.
Instead, the Union of Concerned Scientists (UCS) says that:
“As the first quarter of 2014 comes to a close, we are seeing some encouraging signs that both electric sales, and their benefits, will continue to grow this year.”
According to UCS, there are “3 strong trends” in the electric vehicle market. Those trends are as follows:
1) Fuel cell vehicles are coming!
Toyota and Hyundai will be rolling out their new fuel cell vehicles within a year. Hyundai’s hydrogen-powered SUV will be leased in Southern California starting this spring and Toyota will follow with a sporty sedan in early 2015 in “significant numbers,” according to the manufacturer.
2) EV sales doubled in 2013 and more plug-in models are on the horizon
Sales of electric vehicles (EVs), including both plug-in hybrids and battery electrics, continue to rise. More than 90,000 EVs were sold in the United States in 2013 — more than double 2012 EV sales. In California, sales of EVs also increased more than 100 percent in 2013 compared to the previous year, and the state was home to nearly half (46 percent) of all new plug-in vehicles in the U.S. In 2013, plug-in cars were 2.5 percent of new vehicle sales in California.
3) The benefits of electric vehicles are growing
Electric vehicles are reducing oil consumption and global warming emissions while saving consumers millions of dollars at the pump. Americans have purchased almost 170,000 plug-in vehicles in the last three years. These vehicles are avoiding the burning of 45 million gallons of gasoline per year and saving Americans over $100 million per year in avoided fuel costs.
UCS notes that if the trends seen this Spring continue, then electric vehicles will continue to become more prevalent in the years ahead. (We’d also like to make a small quibble on point number 2 – sales did not double in the US, but pretty close at just more than an 80% improvement)
Source: Union of Concerned Scientists