IEA: Production Plans for Electric Vehicles Below Government Targets

by Marlo Lewis on July 18, 2011

in Features

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Major automakers’ production plans for electric and plug-in hybrid electric vehicles (EVs and PHEVs) “are far below sales targets set by countries,” announced the International Energy Agency (IEA) in a press release accompanying the agency’s newly updated Electric Vehicle Roadmap report.

Major manufacturer production plans add up to 0.9 million units by 2015 and 1.4 million annually by 2020. In contrast, governments have set sales targets of 1.5 million units by 2015 and 7 million annually by 2020.

Evidently, policymakers have mis-underestimated (as a former President might say) market demand for EVs and PHEVs. The gap between production plans and political targets would be larger still without political props for those vehicles such as a federal tax credit up to $7,500 and billions in federal R&D support.

IEA believes more incentives and R&D — including coordinated federal, state, and local support for re-charging infrastructure — will do the trick. Now there’s a big surprise!

Ken July 20, 2011 at 7:46 am

Any one trying to replace the current gas fueled vehicles will have to meet several factors before the vast majority of individuals will purchace them

1. Must provide the same drivable range.
2. Must provide the same power output.
3. Must provide the same level of Convenience
4. Must provide the same get in and go, not plug in and wait.

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