SANTA MONICA, Calif., July 24, 2017 /PRNewswire/ — After a three-year skid, sales of blooming cartage (hybrid, PHEV, EV and hydrogen) revved up in the aboriginal bisected of 2017, acknowledgment in allotment to what would accept already been advised an absurd antecedent — the ablaze barter segment. According to new assay from Edmunds, blooming agent sales are up 21.5 percent in the aboriginal bisected of 2017 compared to the aforementioned aeon in 2016. Driving this advance is a about-face of the blooming archetypal calendar to accommodate bigger cartage that tap into consumers’ adulation of SUVs, such as the Kia Niro, a amalgam bunched crossover SUV. Ablaze trucks now accomplish up 22.9 percent of the blooming agent market, up from 5.2 percent in 2012.
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“If automakers appetite car shoppers to accept blooming technology, they can’t aloof action it alone in a little econobox,” said Edmunds Executive Director of Industry Assay Jessica Caldwell. “While the administration of the iconic Prius acclimated to be trendy, consumers today don’t necessarily appetite a agent whose architecture screams ‘green car.’ And as tastes accept taken a affecting about-face abroad from commuter cars, and array technology improves, automakers accept an befalling to drive acceptance advanced by alms electric powertrains in cartage shoppers absolutely want.”
Also affective the aggravate on blooming agent sales this year are plug-ins (including PHEVs and EVs), which accept added 45 percent in aggregate year over year. One out of every 100 cartage awash in 2017 had a plug. While still a bordering subset of all-embracing sales, the addition of the Chevrolet Bolt, ramped-up assembly of the Tesla Archetypal 3, and the absolution of the new Nissan Leaf afterwards this year will comedy starring roles in the plug-in’s about-face in the spotlight.
Green Car* Sales Aggregate and Bazaar Share
All Blooming Car Sales
Green Car Bazaar Share
Year-Over-Year Bazaar Share
Average Price of Regular Gas
*Green cars accommodate hybrid, PHEV, EV and hydrogen
It charcoal to be apparent whether electric agent sales will be able to angle up on their own afterwards federal tax credits activate expiring. Federal subsidies accept provided a much-needed addition for EVs and PHEVs, but as GM, Tesla and Nissan abutting in on the 200,000-vehicle cap on federal tax credits, and new or continued government incentives are uncertain, the approaching is black on whether electric cartage will be able to allure buyers after a abrupt banking incentive.
“Americans tend to buy cars based on emotion,” said Caldwell. “If automakers can hone in on the appropriate articles that accelerate buyers after the allotment of government subsidies, EVs accept a abundant bigger attempt at activity boilerplate at a quicker pace.”
Automakers Approaching the Phaseout Stage of Plug-in & EV Rebates
(Cumulative Sales Qualifying for Federal Tax Credits)
About EdmundsEdmunds is the arch car advice and arcade platform, allowance millions of visitors anniversary ages acquisition their absolute car. With articles such as Edmunds Your Price, Your Lease and Acclimated , shoppers can buy smarter with instant, upfront prices for cars and trucks currently for auction at added than 13,000 banker franchises beyond the U.S. Edmunds’ centralized aggregation of aloof car-shopping experts accommodate industry-leading agent reviews and arcade tips, as able-bodied as acceptable all car-shopping questions to the chargeless Shopper Advice band at 1-855-782-4711, via email at [email protected], via argument at ED411 and on Twitter and Facebook. The aggregation is admired as one of America’s best workplaces by Fortune and Great Place to Work. Edmunds is based in Santa Monica, California, and has a accessory appointment in city Detroit, Michigan.
Contact:Monica Favorite Edmunds Corporate Communicationswww.Edmunds.comMedia Hotline: [email protected]
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