Electric Cars: A Review Of 2014

The United States is the largest electric car market in the world. Through November of this year, 83,647 electric cars were sold in America. While this represents a 26-percent increase over the number sold during the same period in 2013, it is a small percentage of the total U.S. market, and the impact of gasoline at $2.25 per gallon is yet to be determined. Moreover, 55 percent of the electric cars sold in the U.S. are plug-in hybrid electric vehicles (“PHEVs”), suggesting that consumers still do not trust the range of cars powered solely with electric.