Edmunds.com: Colorado consumers buying electric cars at rapid pace

By: Steve Thursday November 1, 2012 0 comments Tags: Edmunds.com, electric vehicles, Jessica Caldwell

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SANTA MONICA, Calif. - Car buyers in Colorado are among the top consumers in America of electric vehicles, according to a report from Edmunds.com, a respected resource of automotive information.

Edmunds.com's analysis of new car registration data finds 2.2 percent of all new electric vehicles purchased so far this year were registered in Colorado, ranking the state No. 14 in the nation.

The rate is more than one and a half times the state's share of all new car registrations in the U.S., where Colorado ranks No. 23 overall at 1.4 percent.

The report noted that Colorado is also buying a slightly higher proportion of the nation's hybrid vehicles (1.5 percent), ranking the state at No. 20.

The report said 2012 is shaping up to be the strongest year yet for alternative fuel vehicles nationwide. A total of 3.4 percent of new car registrations through August were hybrid or electric vehicles - a full percentage point higher than the rate for all of 2011.

"Mainstream car buyers have been slow to accept hybrid and electric vehicles, but the numbers are trending up and you can almost hear a sigh of relief from automakers who made big bets on these vehicles," said Jessica Caldwell, Edmunds.com senior analyst.

"As more alt-fuel vehicles come to the market and as prices for these cars become more affordable, we expect a higher percentage of shoppers will at least consider an alternative fuel vehicle the next time they're buying a new car."

Edmunds.com projects at least 43 all-new conventional hybrids, plug-in hybrids, battery-electric vehicles, diesels and fuel-cell electric vehicles are planned for introduction in the U.S. through the 2015 model year.

For more information, visit www.edmunds.com.



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