Renewable Revolution

Global electric vehicle sales will jump 48% each year through 2020


By  Danny King RSS feed 

Posted Oct 11th 2013 7:50PM

If ABI Research is correct, our monthly math fest that is the green car sales report will soon take longer to add up. That's because ABI's recent report says that almost 2.4 million battery-electric vehicles will be sold worldwide in 2020, estimating that EV sales (excluding plug-in hybrids and extended-range plug-ins) will jump 48 percent a year through the end of the decade. That means that the estimated 150,000 EVs expected to be sold globally this year will increase to 2.36 million in 2020, with Asia Pacific representing the fastest regional growth rate.

 While EV sales have been what ABI calls "disappointing" so far, governmental support in the form of subsidies, infrastructure funding and concessions such as free parking, solo driving in high-occupancy vehicle lanes and congestion-zone toll exemptions will start boosting EV adoption during the next few years. The broader adoption of wireless charging and smart-grid usage will also move things along for the battery-electric driving set.

 While automakers continue to add EV models, just two – the Nissan Leaf and the Tesla Model S – are sold in the US with any sort of substantial numbers. Through the first nine months of the year, Nissan tripled year-earlier sales to 16,076 units. And while Tesla doesn't report monthly sales, the Model S moved about 9,900 units during the first half of the year. The company is expected to release third-quarter results early next month.
 Check out ABI's press release below (at link).


http://green.autoblog.com/2013/10/11/global-electric-vehicle-sales-will-jump-48-each-year-through-20/