The media and Tesla shorts and haters love to tout every new BEV that comes to market as the latest "Tesla Killer." That moniker usually has little basis in reality, but is simply used by headline writers to attract eyeballs and haters and shorts to rally the bearish story on Tesla.
With Tesla Model 3 estimated US sales in June of 21,225 units according to the InsideEVs Sales Scorecard, YOY sales for June saw an increase of an estimated 51%. January through June's YOY increase bumped up to 19.7%, up from 11.7% for January though May.
For the lodging industry, the growth of electric vehicles provide both challenges and opportunities to ownership and management. As ownership of EVs increases and the average range of pure electric vehicles closes in on 300 miles, EV-driving guests will be taking more road trips and increasingly expect that lodging hosts offer several charging station options on their property.
Sales of electric vehicles in the US for January through May 2019 are up 11.7% over the same period in 2018. So far this is in line with our growth expectations for all of 2019.
In this article I share selected screenshots of several slides from the 36-slide presentation - "When Will EVs 'Cross the Chasm' Into the Mainstream in the US?" - and add some underlying comments to provide a high-level flavor of my presentation.
States with a higher number of EV models available average an EV sales share of 10 times greater than those with many fewer models.
Two fundamental hurdles to mass adoption of EVs are: 1) The lack of choice and availability of EV models, especially in certain categories; and 2) The price differential between EVs and gas/diesel-powered vehicles.
Sales of electric vehicles in the US so far in 2019 are disappointing, though the low percentage growth rate was not unexpected. Through the month of April, US EV sales are up 10.1% over the same period in 2018. April 2019 sales increased 8.3% over April of 2018.
Through March of 2019 and using data from the InsideEVs Sales Scorecard, Tesla has accounted for 32% of all electric vehicles in the US. General Motors is a distant second at 18% share of total EV sales. The two automakers combined have accounted for 50% of sales.
California has long been the dominant market for electric vehicle sales in the US, with the state accounting for around 50% of sales the last several years. But after reaching a peak of 54.4% in 2015, California's share of EV sales has declined and dropped to 46.8% in 2018.