Electric Vehicle Market Outlook Released

The Electrification Coalition has released a new report titled the “State of the Plug-in Electric Vehicle Market.”

Among the highlights of the report:

  •   More than 110,000 PEVs have been sold in the US since January 2011
  •  The uptake rate of PEVs between 2011 and 2013 has been nearly three times what is was for hybrids during their first three years
  • Battery costs are expected to drop by almost half by 2020

The full report can be downloaded here.

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