New study projects electric and hybrid car sales to be lousy

Hybrid and electric cars are a minority among car sales. A new study by J.D. Power and Associates purports that sales will stay slow for at least a decade. Current sales of electric and hybrid models within the U.S., and abroad, are a small percentage overall. The study is estimating that just over 7 percent of total car sales by 2020 will be electric or hybrid cars.

Growth in electric car sales is very slow

One of the foremost authorities in the car industry, J.D. Power and Associates, most recently released a record on projected electric car sales for the next decade. The report with current estimated sales of hybrid cars and electric cars, as outlined by USA Today, as a jumping off point. Hybrid and electric cars aren't bought by lots of people within the world. Only 2.2 percent of global car sales contain them. With combined sales of electric and hybrid car models, there will only be an increase to 7.3 percent in globally sales. The study also points out that too many potential car buyers are concerned about the drawbacks in hybrid and electric cars, like range and also cost difference.

A reason to buy them is what is needed

CNN reports that you will find things that need to happen before electric cars and hybrid cars will start being sold. Worldwide fuel prices will have to rise. There are also concerns that electric cars lack sufficient range to replace gasoline engines. There is also a greater cost buying a Toyota Prius instead of a Toyota Corolla. Also, car buyers don't like the lack of a track record and charging time.

What you pay correlates with the size

It costs an extra $5,000 for a liability with less power. You'll have to replace the battery at some point. Many think they are paying too much for the car. It isn't worth it to them to conserve on fuel consumption and gas like that.

Articles cited

USA Today

content.usatoday.com/communities/driveon/post/2010/10/study-electric-car-sales-will-be-weak-through-2020/1

CNN

money.cnn.com/2010/10/27/autos/jdpa_hybrid_electric_study/index.htm