New York City Seen As Potential Electric Car Trailblazer

Mckinsey report sees electric cars and plug-in hybrids could account for more than 15 per cent of the market within five years

Published: 17-Jan-2010

Electric and plug-in hybrid vehicles are just a few years away from mainstream adoption in some of the world's largest cities, according to a study from McKinsey & Co which predicts they will account for up to 16 per cent of new car sales in New York City by the year 2015.

The report, which surveyed 1,500 motorists in cities around the world, predicted New Yorkers could buy as many as 70,000 electric and plug-in hybrid vehicles in 2015. It similarly found that electric or plug-in hybrid vehicles are likely to account for nine per cent of cars sold in Paris in 2015, and five per cent of cars sold in Shanghai.

Perhaps unsurprisingly given development timelines, the report predicted that most cars sold in this category in 2015 would be plug-in hybrids rather than pure battery-electric vehicles.

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