Electric Vehicle Sales and Future Projections
The objective of this research is to evaluate historical vehicle sales as a basis to determine future projections of electric vehiclessales and cumulative values within the U.S. and by selected states. The results for the U.S. show that the cumulative sales of electric vehicles through 2013 is 167,600 vehicles with 96, 700 sold in 2013 or that 58% of total vehicles were sold in 2013. Depending upon the escalation rate selected, the 10 year future U.S. cumulative sales (2023) are predicted to be from 1.8 to 7.3 million vehicles. Future predictions were also done for the states of Florida, Hawaii, Alabama and for comparison purposes for Georgia, California and New York. The process used was the same as done for the U.S. beginning withknown values for 2013 and then using a 10, 15, 20, 25 and 35 percent growth rate.
Florida Solar Energy Center and Block, David, "Electric Vehicle Sales and Future Projections" (2014). FSEC Energy Research Center®. 194.