Electric and hybrid car sales could be slow says new study

Hybrid and electric cars are a minority among car sales. A new study by J.D. Power and Associates purports that sales will stay slow for at least a decade. Current sales of electric and hybrid models within the U.S., and abroad, are a small percentage overall. By 2020, the report estimates, only about 7 percent of global sales of cars will be either hybrid or electric cars. Article source – Study purports electric and hybrid car sales could be slow by Car Deal Expert.

Growth in electric car sales is very slow

The next decade of electric car sales had been reported on. The J.D. Power and Associates did this report. USA Today reports that electric cars and hybrid cars are shown within the record to just be starting out. Hybrid and electric cars aren't bought by many individuals in the world. Only 2.2 percent of global car sales include them. Using the rate at which those models sell, the throughout the world sales will only increase to 7.3 percent of combined sales of electric and hybrid car models. The study also points out that too numerous potential car buyers are concerned about the drawbacks in hybrid and electric cars, such as range and also cost difference.

Giving a reason to consumers

Before people are willing to purchase an electric car or hybrid car, things are needed. This is what CNN tells us. Fuel prices would need to rise a lot. There isn't enough range when replacing a gas engine with an electric car. The price for a Toyota Prius instead of a Toyota Corolla is considerably different. This is one more concern. Also, car buyers don't like the lack of a track record and charging time.

Size is important with dollars paid

There is a greater cost later replacing a battery with there is less power when you pay an extra $5,000. Many think they are paying too much for the car. It isn't worth it to them to save on fuel consumption and gas like that.

Information from

USA Today

content.usatoday.com/communities/driveon/post/2010/10/study-electric-car-sales-will-be-weak-through-2020/1

CNN

money.cnn.com/2010/10/27/autos/jdpa_hybrid_electric_study/index.htm