This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Electric Car Sales to Double in 2013

Stocks in this article: FGMTMTSLA

Toyota Prius Plug-In: This car is the "lightest" of any plug-in hybrid, in the sense that it has the smallest battery and perhaps the weakest electric motor, yielding the shorted EV range. The price, adjusted for taxes and other discounts, is still relatively similar to the Ford C-Max and the Chevrolet Volt, so the Toyota is selling on the excellent Prius reputation and Toyota's strong reputation in general. I think we can assume that at a bare minimum, it will sustain sales of 1,000 cars per month, or 12,000 for all of 2013.

Toyota also sells the RAV4 EV, which was co-engineered with Tesla. Only 2,600 will be made, and sales in late 2012 was off to a very slow start. Toyota will likely find some incentive to sell at least 1,000 of these in 2013.

Nissan LEAF: As with the Volt, the swing factor here is huge. Production of the much-improved 2013 model has just begun, and U.S. deliveries should begin by March. There is good reason to believe that sales will be above 1,000 per month after that. For all of 2013, I am assuming 18,000 units sold.

Ford: Three models are in the market, and the Focus Electric is unlikely to sell more than a couple of hundred per month. I am assuming 2,000 for the year. The C-Max and Fusion Energi models, however, are proving more popular. Their highly praised styling and silent operation are lauded by testers, and I think we can safely assume Ford will sell at least 1,000 of each, per month.

Tesla: The official plan is to sell 20,000 for the year, but demand is running ahead of the goal, so it should not be a problem for Tesla to sell 25,000 in 2013. Deposits supposedly exceed 18,000 already.

Honda: The plug-in hybrid Accord started sales just weeks ago, and it is difficult to estimate where this will go in 2013. To be conservative, I am assuming 500 per month, so 6,000 for the year. The all-electric Fit should also see a total of 500 in sales -- for the year.

Mitsubishi: Sales of the widely panned i-MiEV has been abysmal at under 100 cars per month. This is unlikely to change.

Fiat: Sales of the 500 Electric start later in the year. I think we can hope for 1,000 cars for the whole year.

BMW: Sales of the i3 begin late in the fourth quarter, and it's possible that BMW can sell as many as 2,000 right away before the year ends.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,837.23 +27.17 0.15%
S&P 500 2,068.34 +4.84 0.23%
NASDAQ 4,739.4120 +26.4420 0.56%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs