The sales of hybrids and electric vehicles has jumped 73% over last year’s numbers according to a recent Mintel report. In a recent Environmental Leader article 440,000 hybrids, plug-in hybrids and electric vehicles have been sold so far in 2012, which represents 3.3 % of all vehicles sold thus far in 2012.
According to the article in the Environmental Leader “the number of plug-in and electric models available nearly quadrupled in 2012 from only 3 in 2011 to 11 models in 2012. Mintel forecasts sales of hybrid and electric cars to exceed 535,000 units by the end of 2013, or a 14 percent increase in sales over 2012 estimates. By 2017, Mintel forecasts that sales of hybrid and EVs will reach 850,000 units, representing five percent of the total US car market.”
The addition of several mid-size hybrid vehicles has attracted more families with roomier interiors available. Ford, Chevrolet and Toyota are among the front-runners with their mid-size models. Along with the growing EV car sales is the fast growing market for electric charging stations. With $140 million of electric stations purchased in 2012, sales are predicted to rise to $1.15 billion by 2020.
Taking the step to trade in your current vehicle for a hybrid, plug-in hybrid or electric vehicle requires some thought. With the price of these fuel-efficient vehicles anywhere from $10,000-20,000 more than standard vehicles you need to decide at what point you are most comfortable switching to a more fuel efficient car. A very useful website for helping you decide is www.FuelEconomy.gov with data from real people and reported on this US Department of Energy site.
I made the decision a couple years ago that I would only buy a new vehicle if: 1. I could still have the same interior room, 2. more than double my current gas mileage and 3. that it was made in America. The Toyota Prius fit my criteria until I found out it would not be made in the US until 2015. The Ford C-Max hybrid fit all three of my criteria and I finally made the switch and love passing gas station after gas station with the 550+ miles per tank. I like the idea of a hybrid car rather than an electric car only because I prefer a longer range of miles per tank or charge. If you haven’t already made the switch to a more fuel efficient car please consider a hybrid when you decide to buy another car and help reduce our dependence on foreign oil.