Sales of electric cars are growing by 100% annually

In fact, sales of electric cars are growing slightly more than 100%. Many of us are familiar with electric cars and believe that they will disrupt the automotive industry by replacing cars with gasoline or diesel, just as cell phones replaced landlines and smartphones replaced the classic first-generation mobile phones. Electric cars are simply much better, in many ways.

As mass production set in and the cost of lithium-ion batteries fell rather sharply, the overall cost of producing electric cars dropped to commercially competitive levels. Today in the United States, you can purchase eleven models of electric vehicles or plug-in hybrids for under $30,000, which is roughly the equivalent of the average new car in the world. A similar situation is already observed in Europe, Japan and China.

Moreover, the operating costs of electric vehicles are several times lower than that of gasoline or diesel passenger cars - electric cars move more smoothly and quietly, in addition, having a much more powerful acceleration. There are other things that many consumers are paying attention to – electric cars have no harmful emissions at all, they help to reduce greenhouse gas emissions tremendously, and they reduce our dependence on oil, increasing national energy security.

Not only for these reasons, electric car registrations around the world have been growing at more than 100% per year over the past few years.

As you can see in the chart below, there were approximately 25,000 all-electric, plug-in hybrid and electric vehicles with increased range worldwide at the end of 2010. At the end of 2011, there were already 80,000 such vehicles registered and more than 200,000 by the end of 2012. In 2013, there were approximately 405,000 registrations of electric vehicles.



This growth is a sign of breakthrough technology, and it is clear that we are witnessing the beginning of the electric revolution in transportation.

Obviously, the leading manufacturer of electric vehicles at the moment is Nissan (see chart above), thanks to their brainchild Nissan LEAF. GM/Opel and Toyota are not far behind. What’s more, Tesla is experiencing strong sales growth and so far, demand for its cars is outstripping supply, meaning the company is still working to increase its production capacity to meet consumer demand. The company plans to ramp up production capacity by 2020, enough to be able to sell a much more affordable electric car with similar characteristics to its super-popular Model S.

BMW and Volkswagen have only recently entered the EV market, but already have good sales of their fully or partially electric cars, so we should expect to see them among the leaders by the end of 2014.

Will electric vehicle registrations double in 2014? It is difficult to say, but it is known that the growth of the industry will continue. Have you already purchased your electric car?

Source: aenergy.ru