Sunday, 14 November 2010

12 drivers of the EV market

Which way to EV sales?
I have been talking to buyers and people considering the purchase of electric vehicles for seven years now in more than a dozen countries. Whilst each country and culture is unique, there is a common thread of concerns, misunderstandings and reasons-for-waiting. This is not a rigorous or research based list, but assuming availability, safety and reliability will soon be a given, here are my top 12 anecdotal drivers of EV sales growth:
  1. A rapid price rise at the pump of conventional fuel / evidence of supply limitations.
  2. A purchase price no more than 15% higher than a conventional vehicle equivalent / short term financial incentives
  3. Privileges such as driving in bus lanes and priority parking
  4. A powerfully communicated rational for lifetime cost and environmental benefits.
  5. Government signals committing support for EVs.
  6. Municipal commitment to a public charging infrastructure.
  7. Design aesthetics that stir the soul
  8. Removal of customer risk in case of battery failure and customer concern over range anxiety.
  9. Connected-car features that improve the customer experience.
  10. Choice of batteries offering different range options at different prices.
  11. Measurement and communication of dust-to-dirt carbon footprint advantage. 
  12. Rapid customer support in a manner convenient to the customer.