U.S. Plug-In Electric Car Market Shows Signs Of S-Curve Takeoff

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Tesla Model 3


3 H BY

MARK KANE

Market share will grow by a few percent annually

The monthly and quarterly sales reports are burdened with seasonal events, which means that a better way to evaluate the progress of the plug-in car market would be a rolling 12-month chart.

Here is such a graph for the U.S., which seems to finally enter the most dynamic phase of growth on the typical S-curve of the diffusion of innovations.

Despite the initial bumps, the real growth is just happening, started by the Tesla Model 3. Tesla Model 3 will not be enough to keep the market expanding, so all hope is that there will be more volume models within 1-2 years.

In the past 12-months, almost 340,000 plug-in electric cars were sold in the U.S. The current pace already exceeds 500,000 sales per year in a country with over one million plug-ins.

At such a pace, we expect 5% market share (up from 3% today and 2% average for 12-months) within 12-18 months.

Categories: Sales

Tags: sales November 2018, u.s., u.s. sales

2018-12-16 07:37:00

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