Electric Vehicle sales below predictions
Who knows what next year will hold and the predictions are all over the place. What is clear is that electric vehicle sales are below predictions. From CNET:
Morgan Stanley estimates there will be 18,000 plug-in hybrids and pure EVs sold in the U.S. this year, which is slightly below its previous forecast but international sales are 30 percent below its prior estimate.
Those muted numbers were the reason it downgraded Tesla Motors to underweight today. "While we're still in the very early innings of vehicle electrification, the commercial progress of EVs in the marketplace has been mixed at best, and largely been unimpressive to date," Morgan Stanley's note said, according to Business Insider. . . .
Labels: electric cars, Environment
posted by John Lott at 4:53 PM
2 Comments:
The energy storage device in a gas powered car is a tin can. Extremely expensive batteries for an electric car are much more expensive than a tin can.
We're fifteen trillion dollars in the hole and the US government has tax dollars to spend on subsidizing the purchase of cars that people don't want to buy. Isn't that inefficient?
I'll store my car's energy in a tin can if Obama doesn't mind, and especially if he does.
Obviously, those who promote electric vehicles have failed to study the history of said autos.
The same reasons that forced electric cars out of the market 100years ago or so, still exist today. Insufficient energy density of the cells, short range, high price, and short battery life.
When compared to the lifespan of an internal combustion auto, say around 250,000 to 300,00 miles, they also lose being only good for about 100,000 miles.
The sales predictions come up short, and folks are suprised by this? Wow...
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