According to Navigant Research, sales of light-duty plug-in electric vehicles will increase by 80% in North America between 2017 and 2019.
Factors driving market growth include declining cost of technologies, in addition to emissions and fuel efficiency.
Other key study findings include:
- 2017 was a record-breaking year for light-duty plug-in electric vehicles sales in North America
- Plug-in vehicles are increasingly being considered by consumers as a top choice for their next vehicle purchase
- More states and provinces are implementing purchase incentives and are in talks to adopt zero emissions vehicle policies
- Business models including automated vehicles and car-sharing to boost the plug-in vehicle’s market are increasing
Raquel Soat, a research analyst with Navigant Research, said: “Many US states with ZEV policies continue to boast the largest PEV populations and highest sales numbers, such as California and New York, but states like Florida and Colorado are coming to the forefront of the PEV game.
“To meet emissions targets and climate-related goals, many groups across North America are pushing state legislators to pass ZEV policies to increase model availability and incentivise higher LD PEV adoption rates.”
For more information about the report, visit Market Data: EV Geographic Forecasts – North America