The market for electric vehicles (EVs) is booming. The Union of Concerend Scientists in the US report that more EVs have been sold in 2013 than were sold in calendar years 2010-2012 combined and more EV models and designs are coming to showroom floors than ever before. Despite all of this good news, however, EVs only make up less than 1% of the total vehicles on the road in the United States and the ever-present chorus of “EV-haters” continue to carol the futility of driving on electricity.
The difference between battery electric and plug-in hybrid electric vehicles
National electric vehicle survey results
To determine the potential market for BEVs, in addition to the three criteria used for the above PHEV determination, we examined (1) the average daily distance people drive, (2) whether they have access to charging at home, and (3) whether they already own multiple vehicles or take less than 6 long road trips per year. Because a national network of fast charging stations is just starting to be installed, we assumed that a single-car household taking frequent long weekend or holiday drives would not be a good fit for a BEV.
It turns out that most people — 69%, in fact — drive within the range of most BEVs available today. Here’s a breakdown of our survey takers average daily driving habits compared to the range of today’s BEVs
Why drivers should choose electric vehicles
So millions of Americans could drive an EV, but what does that mean? If every one of the 45 million U.S. households who could use an EV based on our survey did for one year, we would save:
- 15 billion gallons of gasoline, more than California used in 2012;
- 89 million metric tons of global warming pollution, equal to taking 14 million gasoline cars off the road for a year;
- Over $32 billion in fuel costs, based on average prices for gasoline and electricity
Charging ahead
Take note EV critics: this survey not only shows that there is a large potential market for EVs that will likely continue to expand as EV technology and access to charging improves, but also that Americans think EVs are a critical oil saving solution. 65% of survey respondents agree that EVs are an essential part of our nation’s transportation future for reducing oil use and global warming pollution, and 60% of survey takers would consider owning an EV.