EVObsession logo

Connect with us

Hi, what are you looking for?

Market Research

Lux Research Launches “EV Inflection Tracker” To Predict Year EVs Make Up More Than 50% Of Car Sales

The research firm Lux Research has launched a new tool — dubbed the “EV Inflection Tracker” — with the intent of helping predict when exactly the electric vehicle market will comprise over 50% of new car sales, according to a new press release.

The new tracker tool is of course a reference to the concept of an “EV Inflection Point” — which would be the point when electric vehicles (EVs) take over the overall auto-market.

Lux research

Lux Research’s EV Inflection Tracker will be focusing on EVs possessing a greater than 200-miles-per-charge all-electric range, with price points below $35,000 — as vehicles fitting this description have the potential to move quite a lot of units.

Here’s more on that from Lux Research:

We’re watching all the plug-in offerings but, most notably, for depth of competition in EVs with greater than 200 miles of driving range at a price point of $35,000 or less, around which time a significant acceleration of adoption can be expected. Given the lack of any vehicles, let alone a wide variety, that meets these criteria we’re far from the EV Inflection Point. In fact, in the 2016 edition of the Tracker, we estimate that the EV Inflection Point is in the 2035-2040 time-frame. This corresponds to three full model cycles worth of development and iteration: By then, for example, the Nissan Leaf will be in its fourth generation.

This 2016 snapshot can be further broken down by vehicle type, to look beyond the EV vehicle fleet as a proportion of the total fleet, and into how many truly viable EVs there are in each segment. Looking at five classes – small cars, large cars, SUVs, pickup trucks, and luxury vehicles – in terms of viable commercialized vehicles available as well as their track record, only luxury vehicles get a passing grade. However, these will fail to drive meaningful enough sales volumes for plug-ins as a whole. They do, however, represent the early incubators of technology that is too expensive for the mass market, making these OEMs important to watch for trickle-down innovations. At the opposite end of the spectrum, pickup manufacturers have done nothing to move the needle in terms of electrification, while in the middle there is some progress from the manufacturers of small and large cars. Overall, the automotive industry earns an overall failing grade of 27/100.

While EV growth has been (seemingly) moving at a rather slow pace in recent years, the upcoming launch of Chevy Bolt and the Tesla Model 3 will very likely change that.

 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

Comments
Advertisement
Advertisement

Free electric vehicle news daily

Advertisement

You May Also Like

100% Electric Vehicles

After a steep drop from the Tesla Model S, the BMW i3 is the most expensive electric car on the US market (just slightly...

100% Electric Vehicles

This article is also being published on EV Obsession and EV Sales. The Chinese market had more than 34,000 new EVs zooming the streets last...

100% Electric Vehicles

Electric car cost vs gas car cost is a perennial issue of discussion. Of course, the result keeps changing, and the options for comparison...

100% Electric Vehicles

Originally published on CleanTechnica. How large is the Chevy Bolt exactly? How do you tell if the model will be large enough to provide...