The Near Future of Electric Cars 20180502

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There will be more than 100 different battery-powered vehicles available in five years, despite little interest so far from drivers.

By

Keith Naughton

December 19, 2017

Description

Automakers with ambitious plans to roll out more than a hundred new battery-powered models in the next five years appear to be forgetting one little thing:  Drivers aren’t yet buzzed about the new technology.

Electric cars—which today comprise only 1 percent of auto sales worldwide, and even less in the U.S.—will account for just 2.4 percent of U.S demand and less than 10 percent globally by 2025, according to researcher LMC Automotive.  But while consumer appetite slogs along, carmakers are still planning a tidal wave of battery-powered models that may find interested buyers few and far between.

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