The results are in. According to a study released by AAA on Tuesday, about one in five Americans say their next vehicle will be electric.In fact Tesla's problem is supply, not demand:That's up from around 15% of customers who expected their next car to be electric just last year. That 33% spike in electric car intent likely has something to do with Tesla Inc.'s (TSLA) Model 3, which is finally hitting the road in meaningful numbers this year.
If just half of the consumers in the AAA poll (10% of those polled) actually followed through with purchasing an electric car in the next five years, U.S. demand for electric vehicles would ostensibly exceed 1.6 million vehicles. That's a 10x increase in electric car sales in the next half-decade, assuming zero total U.S. market growth between now and then.Why Electric Car Sales Could Spike 10 Times Higher in a Few YearsAnd it paints a picture for Tesla remaining supply constrained, even as the Fremont, Calif., factory continues its production ramp up of the Model 3.
Complete nonsense.