Sunday, January 26, 2014

Plug-in Vehicles Sale Continue to Grow


As more plug-in vehicles come to market and prices continue to drop, so does the public’s appetite to change from conventional fuel vehicles to cars w/ cords. Earlier this week Energy Secretary Ernest Moniz highlighted the fact that PEV sales doubled in 2013 over 2012 and that the Energy Department is investing nearly $50 million more to improve fuel efficiency in vehicles, including nearly $30 million for PEV technologies(1).

The graph above illustrates that plug-in vehicles’ rate of sales is actually higher than the rate of growth hybrids experienced in the same time period after their market introduction.

via the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy