Year of the electric car blows a fuse – Oct. 19, 2012
NEW YORK (CNNMoney)– This year was supposed to be the year of the plug-in car but, as 2012 draws to a close, it looks like the electric car market still isn’t fully charged.
By the end of 2012, most major automakers will have a plug-in car of some type on the market, but plug-in cars still make up just one tenth of one percent of all cars sold in America. So have automakers gotten ahead of themselves and produced too many?
Promoters of electric cars say no. They acknowledge that while there are many types of electric cars out there, they’re not available in enough places or in large enough numbers.
A big reason for there being a small supply of electrics but many models has to do with regulations in California. Rules there require that automakers that want to sell any cars in that state — A.K.A., every automaker — must also sell a certain number of so-called zero-emission cars there. That has led many automakers to produce “compliance cars” that exist solely to meet California’s requirements. These cars vary from the excellent Honda Fit EV, which it’s a shame they don’t sell everywhere, to the truly awful Mitsubishi iMiEV.
If those cars only sell in tiny numbers, electric car proponents say, it doesn’t reflect the potential market.
In most of the United States, the Chevrolet Volt and the Nissan Leaf are the only two plug-in cars available from popular automakers. Together, they make up nearly 100 percent of all electric cars sold in America. Beyond that, there’s also the pricey Tesla Model S all-electric luxury sedan which is slowly entering the market.
Posted on October 23, 2012, in Article and tagged California, Chevrolet Volt, Electric car, Honda Fit, Nissan Leaf, Plug-in hybrid, Tesla Model S, United States. Bookmark the permalink. Leave a comment.