IHS: Electric Car Sales Are Stronger Than They Seem

Although they have not realized initial projections, the Nissan Leaf and Chevy Volt have sold more units in their fourth years than the Toyota Prius did in its fourth year. Now there is also a plethora of other electric vehicle and plug-in hybrid vehicles joining these big three models on the market.


Despite falling short of previous expectations, global sales of electric vehicles (EVs) actually are progressing at a much faster pace than hybrid cars did during the same stage of their deployment, paving the way for higher demand as more EV options arrive on the market this year and beyond.

During the fourth year after its introduction in 2000, the original hybrid — Toyota’s Prius — attained cumulative sales of more than 52,000 units, according to IHS Automotive, part of IHS Inc. In the fourth year after its introduction, in 2013, cumulative sales of the Nissan Leaf electric vehicle approached 100,000 units. For the Chevrolet Volt/Opel Ampera plug-in hybrid electric vehicle (PHEV), cumulative sales during the same period were almost 70,000 cars.

Altogether, the Leaf and Volt/Ampera saw more than three times the cumulative sales total for the Prius in the fourth year after introduction.

“We’re still in the early stages of the EV market,” said Ben Scott, analyst for IHS Automotive. “Most EV drivers still own their first-generation electric vehicles. Furthermore, there have been insufficient product offerings to effectively legitimize the market and show to consumers that EVs and plug-in hybrid electric vehicles represent the way of the future. However, with EV adoption exceeding the historical precedent of hybrids, this means that the trend toward EVs is still progressing, although at a slower rate than many had expected.”

It’s true that legislation and incentives have inflated the relative sales of EVs, given that there were no such inducements available during the launch of the Toyota Prius. However, EV sales growth remains impressive compared to the Prius, which now is regarded as a successful vehicle line.

These findings are contained in the new report entitled “Grid-Connected Vehicles” from IHS Automotive.

Traffic Jam on Electric Avenue

“The original high expectations for EV sales were driven by ambitious climate-change targets in various regions,” Scott said. “Meeting these goals would require full de-carbonization of the vehicle fleet in some countries, which could only be achieved through full electrification. However, the understanding of the time scales on exactly when full electrification will happen has changed as sales have fallen short of the optimistic outlooks.”

Despite this, there have been some more positive moves in the auto industry, both in terms of vehicles on the road and EV/PHEV availability.

Tesla Model S

Tesla Model S

Tesla’s Model S has sold remarkably well in the United States, proving that consumers will pay for a premium electric sedan. The BMW i3 went on the road at the end of 2013, occupying the small urban car segment alongside the VW e-up! and Smart Fortwo electric drive.

The archetypal compact car, the VW Golf, will be available in a purely electric form later this year: the VW e-Golf. Also available in 2014 will be the plug-in hybrids VW Golf GTE and Audi A3 e-tron.

Ford’s C-Max Energi will be offered in Europe in 2014, cementing its place in the plug-in hybrid multipurpose vehicle (MPV) segment. This year, there are more than 100 PHEVs/EVs available in production globally to consumers.

“The increasing variety of EVs and PHEVs is encouraging for the market, but there still needs to be more of these vehicles available to reach parity with internal combustion engine cars,” Scott explained.

Plug-in Hybrids Accelerate

While the all-electric Leaf currently outsells the PHEV Volt/Ampera, this situation will change in the future. Until recently, there have not been many PHEVs available, but 2014 will be an important year as more of these vehicles enter the market.

“Motorists like the safety and freedom to travel for longer distances without being constrained by charging intervals, which is why PHEVs are a good alternative,” Scott said. “IHS Automotive predicts that by 2020, global production of PHEVs will exceed EVs by a ratio of 55 to 45. PHEVs could be a critical stepping stone to pure electrification of the powertrain in the years following the year 2020.”

 

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