for Electric Vehicle Sales
The mix of support for domestic industrial policy and local infighting poses a threat to international automakers in China's market.
March was the strongest month ever for electric vehicle sales in the U.S., with more than 25,500 sold. The fact that record sales occurred during the first quarter, when they typically lag, is remarkable and bodes well for the entire year.
Despite the rise in EV sales in China, long-term trends of a rising population and a growing middle class will increase the country’s appetite for petroleum.
U.S. gasoline and other motor fuels spending increased throughout 2017, reflective of rising prices and continued high demand.
Toyota aims to sell 5.5 million electric vehicles per year by 2030 and invest $13 billion to reach this objective. The company’s long-term plan is another step in making EVs mainstream and laying a foundation for mass penetration in the future.
Given the costs of oil dependence, maintaining and reforming the EV tax credit is of strategic importance to the U.S. The tax credit has been vital in helping EVs gain traction in today’s competitive car market.
As more used electric vehicles become available and the price points remain enticing, consumers will continue to show interest in snapping up used EVs.
Coinciding with NDEW, SAFE’s Electrification Coalition is releasing a case study with the best practice recommendations developed through the Drive Electric Northern Colorado initiative.
This year’s National Drive Electric Week comes as more governments are aiming to move away from conventional vehicles in the next couple of decades, EV sales are seeing enormous growth, and forecasters are bullish on their long-term outlook
During Q1 2017, registrations of EVs in the EU jumped by almost 30 percent versus the same time last year, with total alternative fuel vehicles up almost 38 percent. During 2017, both the U.S. and Europe look to smash records of EV sales.