Today’s market size is the number of electric plug-in cars purchased in the United States in 2012. Plug-in electric cars come in two varieties, an all electric version like the Tesla Model S and a hybrid electric and gas engine version such as the Chevy Volt. The electric and gas engine variety is similar to more conventional hybrid cars but has a much larger battery and can, as the name implies, be plugged into an electric outlet for charging. By contrast, most cars referred to simply as hybrids (non-plug-ins) use a battery system to assists the primary gas engine and they charge that battery internally by capturing energy from the operation of the engine itself.
The world of cars is changing, perhaps slowly but it is changing. In 2012, plug-in electrics represented 0.51% of all sales of automobiles in the United States and 11.6% of all hybrid car sales.
Geographic reference: United States
Market size: 50,804 plug-in electric cars
Source: JC Reindl, “LG CHEM: Battery Industry’s Future Questioned After Report,” page 1, Detroit Free Press, February 17, 2013.
Posted on February 20, 2013