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Consumers expected to reap benefits of electric vehicl

Electric vehicles may prove beneficial for consumers in 2013

U.S. consumers are expected to see major benefits as vehicles become more efficient in the coming years. Analysts from Baum & Associates and the Natural Resources Defense Council predict that consumers will see these benefits, most of which are financial, beginning in 2013. This is largely due to the increasing momentum behind the sales of electric and hybrid vehicles. As these vehicles continue to see high sales, automakers are being encouraged to increase supply, thereby dropping the cost of electric vehicles significantly.
Emissions standards helping push electric vehicles forward

Strong sales are not the only factor that is influencing the development of fuel efficient vehicles. Analysts note that emissions standards coming from the U.S. government also have a role to play. Earlier this year, the federal government issued stricter emissions standards that compelled automakers to produce cleaner vehicles. Automakers have, thus far, complied with these standards, thereby increasing the number of fuel efficient vehicles that are available to the market.


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