Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017
Green Car Congress
JUNE 16, 2011
The rise in gas prices, the aging population, and the increase in master planning and community density all point to trends that will encourage NEV adoption. The US currently offers federal tax incentives of 10% of the purchase price up to $2,500. This represents a compound annual growth rate (CAGR) of 6.6% between 2011 and 2017.
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