Demand for electric vehicles rising in 2017
"Demand for EVs has continued to rise in 2017, setting new records for purchases and vehicle model availability," according to a new report on the electric vehicle market by Securing America's Future Energy. The chart below shows the year-over-year growth of EVs and plug-in hybrids in the U.S.
Reproduced from Securing America's Future Energy analysis; Chart: Axios Visuals
Between the lines: "Although six models currently account for nearly two-thirds of sales, consumers have a fuller range of choices with 37 models available, thanks to marked declines in battery technology costs and enhanced range," per the market snapshot.