Pike Research forecasts US plug-in vehicle penetration rates to be highest in smaller states
Green Car Congress
SEPTEMBER 24, 2011
Pike Research forecasts that annual sales of plug-in electric vehicles (PEVs) will reach 358,959 vehicles by 2017, representing a compound anual growth rate (CAGR) of 43% between 2011 and 2017. To understand where these vehicles will likely be sold, Pike Research created a geographic forecast model using a variety of inputs including population and demographic trends; affinity towards electric vehicles; and automakers’ intended availability of vehicles.