On The Rise

U.S Plug-in vehicle sales have been the highest ever the past two months. After June sales, 222,495 Americans own electric vehicles according to the Energy Policy Information Center. June is the second consecutive month that electric (EVs) and plug-in hybrid electric vehicles (PHEVs) have set new records for highest monthly sales.

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Every year since their market debut, PHEV sales in the second half of the year have significantly outpaced those in the first. In the car industry, it is normal for sales to remain stagnant at the beginning of the year through the end of winter. As the weather begins to warm up, so do car sales in the second quarter of the year.

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Electric vehicles are on the rise. As they saturate the market they are going to need the infrastructure to meet this demand. As this market grows so does the industry for charging station networks, facility charging stations, etc. Right now, the Chevy Volt, Nissan Leaf, Toyota Prius Plug-In, and Tesla Model S represent 81.7 percent of cumulative EV sales. Despite the current commercial availability of 17 models, these four are carrying the vast majority of all plug-in vehicles on the road. There is vast room for growth in this market, in residential and commercial EV use. Investors should pay attention to this growth, many other EV-support industries will be on the rise as well, like EV shops, install and maintenance of charging stations, commercial free-charging, dealer services, etc.

You can see the market growth in detail here.

 

 

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