PLUG-IN CARS GAIN MARKET TRACTION

Electric Vehicles Continue Gaining Consumer Acceptance

Andrew Balazer, August 31, 2015 (National Law Review)

“…[The August 2015 Uptake of Ultra Low Emission Vehicles… shows] electric vehicles gaining a loyal finding, with the vast majority of electric vehicle owners saying that they were satisfied with their car and would recommend electric vehicles to others. While range anxiety remains an issue…private owners appear to have happily adopted their use for shorter trips, like commuting or running nearby errands…[W]here an electric car is part of a multi-car household, the electric car is used for the majority of trips…[indicating] the electric car is the primary car…Electric cars have so far been more expensive than comparable fossil fuel-powered cars; however, subsidies and tax breaks appear to be doing their job of getting people to at least consider electric cars. And once they are driving these cars regularly, consumers appear to be very satisfied…As prices for these cars fall with production costs, we can expect to see these cars taking a greater and greater share of the market…” click here for more

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