More Than 1.8 Million Plug-In Electric Vehicles Will Be Sold in the Largest 102 U.S. Cities From 2012 to 2020, Forecasts Pike Research
BOULDER, Colo.--(BUSINESS WIRE)-- While sales of plug-in electric vehicles (PEVs) have fallen short of projections to date, interest in these vehicles is growing, particularly in large metropolitan areas. Cities like New York City, Los Angeles, San Francisco, and Seattle combine large population areas with early rollout schedules from vehicle manufacturers, and positive attitudes toward PEVs among residents, making them fertile ground for PEV manufacturers in the coming years. According to a recent report from Pike Research, a part of Navigant's Energy Practice, sales of PEVs in the largest 102 cities in the United States will total slightly more than 1.8 million from 2012 through 2020.
"More than a quarter of all annual U.S. PEV sales will be in the top five metropolitan areas for PEV sales - New York, Los Angeles, San Francisco, Seattle, and Portland," says senior research analyst Dave Hurst. "But thanks to a combination of positive attitudes towards green driving, high fuel prices, and state government support, California metropolitan statistical areas will account for more than one in five PEVs sold."
The report's analysis indicates that PEV acceptance is strongly linked to not only the availability of PEV models, but also the accessibility of charging infrastructure. Texas, for example, has seen a dramatic increase in the number of EV charging stations available in 2012. Pike Research's index of positive opinions toward PEVs moved the state's ranking from 42nd in 2010 tofourth in 2012, the largest change of any state in the index.
The report, "Electric Vehicle Geographic Forecasts", provides data and forecasts for the plug-in electric vehicle market for U.S. states and metropolitan statistical areas as well as Canadian provinces and cities. The report also includes forecasts for PEV sales across selected electric utility service territories. The data includes sales forecasts from 2012 to 2020 at each geographic level as well as analysis of major trends in the forecasts. An Executive Summary of the report is available for free download on the Pike Research website.
About Pike Research
Pike Research, which joined Navigant's global Energy Practice on July 1, 2012, provides in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, "Electric Vehicle Geographic Forecasts," is a summary and reflects Pike Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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