Navigant Research Report Shows 2019 Sales of Light Duty Plug-in Electric Vehicles Are Expected to Increase Over 80% from 2017

The declining cost of technologies, in addition to emissions and
fuel efficiency, are key drivers to increasing the adoption and
awareness of PEVs

BOULDER, Colo.–(BUSINESS WIRE)–#EVs–A new report from Navigant
Research
examines the impact of fuel efficiency and zero emissions
vehicle (ZEV) policies on the light duty plug-in electric vehicle (LD
PEV) population diffusion in North America.

2017 was a record-breaking year for LD PEV sales in North America, and
market growth is expected to continue. These vehicles are increasingly
being considered by consumers as a top choice for their next vehicle
purchase, and more states and provinces in North America are
implementing purchase incentives and are in talks to adopt zero
emissions vehicle (ZEV) policies. Click
to tweet
: According to a new report from @NavigantRSRCH,
in 2019, North American LD PEV sales are on track to increase over 80%
from 2017 numbers.

“Many US states with ZEV policies continue to boast the largest PEV
populations and highest sales numbers, such as California and New York,
but states like Florida and Colorado are coming to the forefront of the
PEV game,” says Raquel Soat, research analyst with Navigant Research.
“To meet emissions targets and climate-related goals, many groups across
North America are pushing state legislators to pass ZEV policies to
increase model availability and incentivize higher LD PEV adoption
rates.”

According to the report, in addition to the declining cost of PEV
technologies, emissions, fuel efficiency, and ZEV policies are key
drivers increasing the adoption and awareness of PEVs. Similarly, as new
business model opportunities, such as automated vehicles and carsharing
programs, continue to emerge, the market share of PEVs is expected to
continue to rise.

The report, Market
Data: EV Geographic Forecasts – North America
, analyzes the
impact of fuel efficiency and ZEV policies on LD PEV population
diffusion in North America. The study leverages the Navigant Vehicle
Adoption Simulation Tool (VAST) to create three forecast scenarios based
on potential changes to the Corporate Average Fuel Economy (CAFE) and
ZEV regulations announced by the current US administration. Detailed
geographic breakdowns of LD PEV sales and populations (in conservative,
base, and aggressive scenarios) for the US and Canada are provided by
geographic region, including state, province, US core-based statistical
area, and Canadian census agglomeration area. An Executive Summary of
the report is available for free download on the Navigant
Research website
.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
Market Data: EV Geographic Forecasts – North America, is
a summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1.781.270.8456
lindsay.funicello.paul@navigant.com

Laurel McBride real estate agent with Century 21 N and N Realtors with homes for sale in Logan Utah