Subsidized fuel stations would lead to greater EV sales: report
A total of 118,882 electric vehicles were sold in 2014 which was a significant increase compared with 97,101 in the previous year but the figure still pales in comparison with the estimated 14 million conventional fuel vehicles sold in the US last year showing tax incentives in the US to make the EV popular have not worked, a recently released report said January 30.
No more than 250,000 EVs have been sold in the US since around 2010, far from expectations, the report said citing statistics from Argonne National Laboratory and Motorintelligence.com.
“Consumer reluctance to purchase electric vehicles may influence investor decisions to invest in the electric vehicle market and vice versa,” the report said.
Two researches at Cornell University, Lang Tong and Shanjun Li, have pointed that consumers “may be less willing to buy because of a lack of a public charging station,” the report said.
“The researchers maintain the money, which amounted to some $1.05 billion in subsidies, could have been used to build more than 60,000 charging stations instead of giving it to electric vehicle consumers.
That number of potential charging stations is significant; it represents about half the total number of gasoline stations in the United States,” the report published in this news release distribution service said.
