While many still think electric vehicles are a niche, a new study from IHS Automotive suggests that EVs are actually catching on more quickly than hybrids when they were first introduced.
The study looked at the cumulative global sales of the first-generation Toyota Prius, Chevrolet Volt, and Nissan Leaf in the first four years. IHS Automotive found that the Toyota Prius moved 52,200 units from 2000 to 2004. However, the Volt and Leaf have sold more vehicles in their respective four-year timeframes. The Chevrolet Volt and all of its derivatives saw sales of 68,507 units, while the Nissan Leaf saw sales of 96,477 units.
It should be noted that while Toyota Prius went on sale in 1997 in Japan, IHS Automotive uses 2000 as the starting point for figuring out sales as that is when Toyota launched the model worldwide.
The IHS Automotive study also points out that early expectations for EVs may have been inflated a lot, causing many to think of early EVs and plug-ins as failures in sales despite the relative success in sales around the world.
Source: Automobile Magazine