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Electric Car Sales Are Growing More Than 100 Percent Every Year
Electric car sales continue to improve every year as more and more models hit the market and consumers begin to adopt the technology. A recent report shows that EV sales are currently growing at a rate of more than 100 percent a year. In 2010 only 25,000 electric and plug-in hybrid vehicles were sold around the world, but by the end of 2011 80,000 electric vehicles were sold. In 2012, 200,000 electric vehicles were sold – and just last year 405,000 EVs found homes globally.
Why are electric cars selling better than ever before? A few years ago if a car buyer wanted to buy a fully electric car, their only option was to walk into a showroom for the Nissan Leaf. But now there are several electric and plug-in electric hybrid models to choose from. Also since lithium-ion battery costs have dropped, electric car prices have also dropped, meaning that there are now several electric cars with price tags around $30,000.
Will the trend continue? Signs point to yes – many automakers like BMW and Kia are just starting to release electric cars, and over the next few years there will be more electric and plug-in hybrid models to choose from than ever before. One issue holding electric cars back is the lack of EV infrastructure, but cities all over the world are installing charging stations. The technology will also continue to improve, and the next generation of electric cars will have longer driving ranges and faster charging times.
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