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Kirstein Business Library

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The Alternative Vehicle Market

by Betsey Lippmeier

voltGeneral Motors announced yesterday that it is knocking 13 percent off the sticker price of the Chevrolet Volt electric car. The automaker said Tuesday that the 2014 Volt will start at $34,995, including shipping — $5,000 less than the current model. The new model is scheduled to reach showrooms late this summer.

Sales of electric vehicles are rising, but they’re still only 0.2 percent of the U.S. auto market.

 

plug-in electric car sales

 

HybridCars.com states that in July,  7,442 electric plug-in cars were sold.  The Volt accounted for 1,788 of them, or 24.03%.  Also, the sum of hybrid, diesel, and plug in vehicles exceeded five percent of the market in July. This is the first time that mark has been reached and is due to the growth in product choice in these alternative vehicle segments.

For those interested in the automotive industry, the Kirstein Business Library subscribes to Automotive News and Ward’s Automotive Reports.  Automotive News is available electronically through General BusinessFile ASAP . Ward’s is not available electronically.

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