Electric Car Sales to Hit 5-Million Units By 2017

Nauman Farooq
by Nauman Farooq

If you are a driver, you are well aware of the rising gas prices, and this trend is not looking to reverse anytime soon. This is effecting the way people buy new cars, and according to Pike Research, more than 5-million electric and hybrid vehicles will be sold globally by 2017.

Also according to this report, the largest manufacturer of these vehicles will be the United States, followed by Japan, while the largest consumer of such vehicles will likely be China.

Currently conventional hybrids like the Toyota Prius and Honda Insight (among many others) are on sale, but as far as plug-in electric vehicles go, you have to pick between the Chevrolet Volt, the Nissan Leaf and the Tesla Roadster. Soon, the market will see cars such as the Fisker Karma, Ford Focus Electric and the Mitsubishi i go on sale later this year.

So will the world be taken over by electric cars now? If petrol prices don’t change, people’s buying habits will change very quickly to save their pocket books, while also helping save the planet.

[Source: Auto Observer]

Nauman Farooq
Nauman Farooq

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