January 10, 2014
As the market for plug-in electric vehicles (PEVs) in North America matures, the highest rates of growth can be found in predictable places: California, New York, and Florida, which have among the highest gasoline prices in the United States. Significant sales are also occurring, however, in more surprising locales, such as North Carolina and Texas.
“In both Canada and the United States, the market for plug-in electric vehicles is expanding rapidly as these vehicles become more widely available,” says David Alexander, senior research analyst with Navigant Research. “Overall, sales of PEVs in North America are expected to expand at a significantly higher rate in the next 10 years than that of the general light duty vehicle market.”
While PEVs were difficult to come by in certain states and provinces in previous years, the most popular models, the Chevy Volt and Nissan Leaf, are now available in all North American markets, and competitive vehicles are either available or soon to appear from many major automakers including Ford, Mercedes Benz, Toyota, Mitsubishi, Honda, Fiat, and Tesla. This growth is supported, according to the report, by the increasing availability of charging infrastructure, which is helping to alleviate motorists’ range anxiety.
The report, “Electric Vehicle Geographic Forecasts”, provides data and forecasts for the PEV market for U.S. states, metropolitan areas, and utility service territories, and for Canadian provinces and cities. The study provides sales forecasts from 2013 to 2022 at each geographic level and analysis of major trends in the forecasts. Percentage penetration and cumulative sales data are also provided. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Electric Vehicle Geographic Forecasts,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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