Electric Car Sales Buoyed for November

Electric cars
Electric cars

The month of November is a high point in the electric car revolution, as this month is the fourth consecutive month where sales records have continued to increase. The increase for this month was attributed to the introduction of the Ford C-Max Energi plug-in electric hybrid into the market.

The steady upsurge was observed by Aaron Chew of the Maxim Group, as he counted 7,600 electric cars sold in November. This makes the total count for 2012 at 47,500 and the experts predict that the year would close at about 56,000 electric and plug in hybrid electric vehicles sold.

Other incentives have helped buoy sales for the electric car. These include Nissan’s U.S. $199 leases and U.S. 5,000 price breaks on the Leaf, jumpstarting sales for the year. There have also been a number of new models that have widened the selections of buyers for electric cars. Ford for its part sold 1,259 units of the C-Max Energi just in November, a month after it was introduced into the market. The highest seller was the Toyota Prius plug in at1,766 units followed by the Chevrolet Volt, which posted 1,519 units sold. Tesla, despite its secretive sales records, was said to have sold 1,150 of its Model S sports sedans in the same period.

Despite the sales, there are still some major issues that electric cars face in the coming years, some of which are as follows:

a)      The Cost. While electricity is much cheaper compared to gasoline, the cost of amortizing an EV is still way above the standard costs for an internal combustion engine vehicle. The prices though are steadily decreasing, making it more affordable to purchase an electric vehicle in both the short term and long term.

b)      The Source. While the main issue with gas guzzlers is the emission of pollutive greenhouse gases from the vehicle, electric cars do not have this problem. The main issue is the generator of electricity, which is still the coal fired electric generator. Even with natural gas generators, there are still emissions created and thus allocation of this pollutant factors must still be addressed.

c)       The Technology. The main drawback is still the power source of electric vehicles as the range and effectivity is still determined by the amount of electrical power stored in the battery packs. While many of these battery developers are bellying up because of the prohibitive costs and limited market scale, the improvements in the technology are around the corner to make the electric car as dependable as it is affordable as the standard gasoline powered car.