Given all the apparent excitement surrounding electric vehicles and the billions invested by automakers, financial firms and government incentives, you would assume there was a groundswell of consumer support for hybrid and battery electric cars underlying this momentum. Unfortunately, according to a J.D. Power and Associates report released this morning, we may be on the electric car bandwagon but once you get us to the dealership, we look the other way. The firm predicts that in 2020, international sales of hybrid and battery electric cars will total 5.2 million, or 7.3%, of the 70-plus million consumer vehicles expected to be sold. This year, the world is on track to sell 954,500 electric units, 2.2% of all car sales. Thus, in a decade, consumers will only move the needle about 5 percentage points, from 2.2 to 7.3. If the future of the car is electric, it's not happening in the next decade and? given the sluggish growth curve? not the one after that either.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/AmUedlO5cNk/
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