2014-03-14 06:58:47 - Atlas Asia Investment Partners: Sales of electric vehicles in the United States last year are expected to have doubled those in 2012 but there is still a long way to go.
Atlas Asia Investment Partners: Uptake of battery/electric or plug in vehicles in the United States during 2013 is expected to show a healthy uptick on 2012 sales but, in a year where, overall, some 15 million vehicles were sold, the fewer than 100,000 “green” cars sold represent no more than the “proverbial drop in the ocean” according to boutique investment house, Atlas Asia Investment Partners.
“It’s undeniable that plug-in and battery powered vehicles are finding their way into a lot more garages than they used to but several of the high points of 2013 were countered by disappointing developments,” said a Atlas Asia Investment Partners analyst alluding to negative headlines that hampered the perception of green vehicles among the buying public.
most damaging was the run of photos and videos of Tesla’s Model S in flames by the roadside after a highway collision in which a piece of debris had punctured the lithium-ion batteries the cars run on and caused the vehicle to spontaneously combust,” the analyst continued.
Lukewarm sales of highly-trumpeted vehicles like the Chevy Volt were followed by heavy discounting which adversely affected resale values for those buyers who’d bought a the full sticker price.
“We think the market is there for electric vehicles but buyers remain reticent because the range of these vehicles makes them less attractive than conventionally-powered cars that can be refilled at a gas station. It really is as simple as that,” concluded the Atlas Asia Investment Partners analyst.
Atlas Asia Investment Partners says it feels far more bullish about the ongoing development of hybrid cars like the Toyota Prius and on vehicles powered by natural gas.
About Atlas Asia Investment Partners
Atlas Asia Investment Partners is a wealth management firm specialising in asset management services for small- to mid-capitalised companies and high net worth individuals. Our philosophy is to grow and protect our clients' wealth by investing in profitable investment opportunities and by employing long-term growth strategies, including investment management, financial planning, quantitative research and due diligence to deliver the highest level of customer service.
We always take the time to fully understand your investment objectives, financial goals and tolerance to risk before we are ready to make a bespoke investment plan, as we know that financial planning must be based on a thorough knowledge of your individual circumstances. Our objective is deliver profitable risk-adjusted returns by following a process of rigorous research and due diligence.