Electric vehicle sales are expected to do very well this year, with around one million car sold this year in 2016, definitely a first-time achievement, and 12 million cars are expected to be on the road by 2020.
At present, the market is on a rise, helped by a number of factors. Government tax subsidies, rebates, provision of free parking, exemption from toll are some of the initiatives that currently is one of the major factors behind the boost of sales for electronic vehicles, and the increased levels of awareness about them. Also, the increase in gas prices and the pollution factor steadily turns customers towards electronic vehicles over traditional fuel based vehicles.
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The steady increment of awareness about electronic vehicles over the past two years about the models and their sales is definitely a positive sign for this market. In 2010 there were 16 electronic vehicle models on sale globally, and it increased to 20 in 2012. However, only two to three such models on the market in 2010 were widely available to the consumers, which rose in 2012 to about six to eight, and the numbers further doubled in 2013, with more names added to the list of interested countries where these cars are available. The numbers show a strong correlation between the sales figures and the variety of products available to the consumers. This suggests that new models of electronic vehicles will raise more interest, and as a result, the consumer will be more interested in purchase.
Also, to popularize these vehicles, a number of initiatives are underway, for example, the Initiatives like the Electric Vehicles Initiative (EVI), which is a multi-government policy forum dedicated to the acceleration, the introduction, and the subsequent adoption of electric vehicles worldwide, which help the cause of electronic vehicle adoption and vehicle sales. EVI is one of several initiatives that were launched in 2010 under the Clean Energy Ministerial, a high-level dialogue among energy ministers from the world’s major economies. EVI currently include members from fifteen governments from Africa, Asia, Europe, and North America, as well as participation from the International Energy Agency (IEA).
Currently, these vehicles face a few issues related to recharges, but they can be overcome with increased awareness. Electric chargers and electric charging stations are the major hurdles for the electronic vehicles currently, with limited access to the re-charging infrastructure. But companies like Tesla Motors are rolling out supercharging stations across the US, with the promise of free recharge to entice the customers. With the growth of infrastructure, the popularity of these vehicles is on the rise, especially for in-city travels.
It should be also noted that the raise in the bars of the European emissions standards in 2014, in line with Euro 6 legislation, will act as another major growth driver for the European electronic vehicles market. Also, a significant amount of research is currently underway, where concept cars and production vehicles that are based on larger batteries are on the make. This is in line with the reduction of the prices of Lithium-ion batteries, and it will help the car be in motion for longer durations against a single recharge. That would significantly increase the marketability of these vehicles for the consumers who are yet unsure about them due to their low mileage issue, according to IndustryARC.

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