IHS Automotive, a major automotive market research firm, has released data that shows the youngest publicly traded US automaker, Tesla Motors, has been the leader of the country’s electric vehicle market during the first quarter.
According to the quarterly Automotive Plug-in Electric Vehicle Index, which gauges the market share of plug-in electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) sales during a quarter in eight countries, the most popular model falling in the category in the US during the first three months of the year was the Tesla Model S. Still, the overall market share in the US for EV/PHEV vehicles is feeble – just around 0.8 percent of the total during the quarter. Additionally, adoption is extremely uneven, with higher rates in states “offering additional incentives,” such as California or Georgia, says Ben Scott, an analyst at IHS Automotive. The sales of the segment have also been negatively impacted by the cheap gasoline prices across the country. And while there are no specific numbers released by the IHS, Nissan’s Leaf, the world’s best selling electric vehicle, was not number one on the US market, the honor going to the luxurious Tesla Model S.
On a global level, the Automotive Plug-in Electric Vehicle Index from the market researcher showed Norway topped the rankings in the first quarter – with a little over 8,000 vehicles and a market share of 33.1 percent share of total registrations, a jump of 41 percent in sales from the same period last year. Thanks to numerous incentives, internal combustion engine models have been seriously threatened lately by electric autos, with the Volkswagen e-Golf dominating the registration charts during the first three months of the year.