By Amy Zimdars,BloombergBusinessWeek staff writerJanuary 18, 2018 06:03:03 Electric cars have been a boon to the U.S. economy.
The nation’s economy grew by more than 4% last year.
That helped fuel an unprecedented expansion of electric cars, with a new record of more than 300,000 cars sold in 2017.
The surge in sales has also spurred an expansion of the number of new plug-in hybrids on the road, with more than 3.7 million new hybrids sold in 2018, according to Autodata.
The industry is expected to grow by another 5% in 2019.
The popularity of electric vehicles is helping propel the country’s automakers, including GM, to invest billions of dollars in electric-car manufacturing.
The United States will soon join a growing list of nations that offer electric-vehicle-ready vehicles, according the U-T San Diego.
“The U.K., France, Germany, Japan, Singapore and China are all in the mix with the potential to introduce some kind of EV on the domestic market in the near future,” said Richard Jones, an analyst at Sanford C. Bernstein.
But while electric vehicles have gained traction in the U, they’re not the only new way for Americans to get around.
In 2018, Tesla and the Ford Motor Company unveiled their first vehicles that could take advantage of the emerging charging infrastructure.
While the growth of electric-trader fleets and charging infrastructure has given way to electric vehicles, many U.s. automakers are still waiting to see how they’ll integrate the technology into their vehicles.
In 2019, GM’s fleet will be the first to receive its full EV plug-ins.
The company plans to introduce its first all-electric SUV, the Spark, in 2021, while Tesla is also rumored to be developing a plug- in hybrid SUV.
It remains to be seen how Tesla and other automakers will take advantage, but it appears the U will soon be seeing more electric vehicles on the roads.