US Sees Nearly 10,000 EV and PHEV Sales in January and February 2013, Tripling 2012 Sales For Same Period

2011 Chevrolet Volt

Sales of electric vehicles (EVs) and plug in hybrid electric vehicles (PHEVs) more than tripled during January and February of 2013 when compared to the same period in 2012.

Overall, sales totaled 9781 during the first two months of 2013 vs 3089 during the same period of 2012.

Significantly reduced prices of lithium ion batteries has allowed automakers to offer substantial incentives on EVs and PHEVs while still making a profit. In addition, the number of plug in hybrid and base electric vehicles keeps expanding. The result has been a massive sales jump over 2012.

Leading EV and PHEV sales is the Chevy Volt with nearly 3,000 US sales so far in 2013. Chevy expects to sell 36,000 Volts globally, a healthy increase over strong 2012 sales. The Volt’s competitors the Plug in Prius Hybrid and the Ford CMax and Fusion Energi PHEVs also made strong showings with combined sales of these models only a few hundred less than that of the Volt. While sales of competing vehicles continues to grow the Volt’s long base electric range of 40 miles combined with a number of very appealing purchase incentives provide a strong basis for the Volt’s continued lead in the PHEV market. Ford CMax and Fusion Energi which both support base electric ranges of 20 miles appear poised to take market share from the shorter range Prius Plug-in although significant incentives and strong marketing may help support the Prius for some time.

Base electric vehicles including the Leaf, Tesla luxury EVs, the Ford Focus Electric, Toyota’s RAV 4, Honda’s Electric FIT, and the Mitsubishi iMiEV showed combined sales of about 4,200. Among these, the increasingly cost-competitive Leaf, the Mitsubishi iMiEV, and Tesla’s luxury brands appear to dominate. A very economic SMART ForTwo EV will begin selling in March for a base price of 25,000 dollars without incentives and a range of 68 miles. As a city-only vehicle and including state, federal and dealer incentives, the ForTwo will likely be very appealing to customers in metro areas where the price of gasoline currently averages over 4 dollars per gallon (cutting 2,000 dollars or more each year off the gas bill).

If current trends in EV and PHEV sales continue, it appears these vehicles may approach the 100,000 sales mark by the end of this year. Gasoline prices are likely to continue to push drivers toward these far more efficient vehicles with prices for gasoline in 2012 showing highest ever averages that are unlikely to abate much through 2013.

Links:

http://insideevs.com/february-2013-plug-in-electric-vehicle-sales-report-card/

http://www.electricdrive.org/index.php?ht=d/sp/i/20952/pid/20952

Chevy Volt, EVs Provide Californians Opportunity to Take On High Gas Prices

As near back as two years ago, consumers had very limited options when it came to combatting high fuel prices. But, thanks to the EV charge led by the Chevy Volt, those options are no longer relegated to bike riding, car pooling, and staying at home.

And, for Californians suffering from the highest spike in gas prices in state history, this new option couldn’t come too soon. Over the past few weeks, a supply crisis has disrupted fuels shipped to California¬† and resulted in gasoline prices averaging over $4.60 a gallon statewide and over $5.50 a gallon in some locations.

“I haven’t seen a series of incidents like this, and it has led to the worst panic-driven rise in gasoline prices that I have seen in 35 years,” said Tom Kloza, chief oil analyst for the Oil Price Information Service in a recent interview with the Los Angeles Times.

Los Angeles Times continued to note that the high prices were likely caused by too few people controlling consumer access to gasoline:

“When you’ve got such a small handful of owners controlling 14 refineries, it is inevitable that prices will go through the roof where there is friction in the delivery system,” said Jamie Court, president of Consumer Watchdog.

“There are too few oil companies controlling too few refineries and they want too much in profits.”

But a recent surge in electric vehicle sales, over 5600 sold last month, is providing fed-up California drivers with options they never enjoyed before. Of the 5600 electric vehicles sold, a high proportion were purchases by California motorists. State support for EVs is through the roof and eccentric inventor Elon Musk keeps pounding the electric vehicle drum-beat.

Musk, just today, heightened investor interest in electric vehicles by purchasing 35,000 shares of his California-based EV manufacturer Tesla Motors. This was, perhaps, a consolidation ahead of a potential buyout of the niche electrics manufacturer.

Meanwhile, prices keep falling for the Chevy Volt which is now offering leases for as low as $249 per month — a very attractive offer when fuel prices are above $5 per gallon. A Volt could save a driver as much as $2000 dollars per year in fuel costs at California gas prices, so it may be no wonder that the Volt has hit record high sales for two months in a row.

Links:

http://articles.latimes.com/2012/oct/06/business/la-fi-gas-prices-20121006

http://www.insidermonkey.com/blog/elon-musk-recharges-his-tesla-shares-22712/

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