Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017
Green Car Congress
JUNE 16, 2011
The rise in gas prices, the aging population, and the increase in master planning and community density all point to trends that will encourage NEV adoption. In the US, the National Highway Traffic Safety Administration (NHTSA) defines NEVs as low-speed vehicles (LSVs) that are limited to 25 mph (40 km/h) and to roads with a speed limit of 35 mph. Top speed is 45 km/h (28 mph). The US currently offers federal tax incentives of 10% of the purchase price up to $2,500.