How fast can we expect EVs to increase market share in the U.S.?: Rising commitment from major automakers, rapid battery cost declines, strong policy support from state and local governments, and low operational costs have put electric vehicles on track to pass gasoline-powered vehicles. EV sales in U.S. have grown to an average of 32% annually from 2012-2016 and 45% over the year ending June 2017.
Considering these advantages, automakers and investors face several big questions: How fast can we expect EVs to increase market share in the United States? What penetration will they achieve, by when? How will these outcomes be affected by external factors like oil prices and government policy support? Energy Innovation has released an updated version of the Energy Policy Simulator (EPS) computer model.