Fleet vehicle electrification could be big growth driver for US EVs

Commodities Focus

US plug-in electric vehicles accounted for 2.6% of total sales in December, tied with Nov. 2020 for a record high and year-to-date PEVs account for just shy of 2% of all light duty vehicles sold in the US, according to S&P Global Platts Analytics.

However, recent large orders for electric buses and other fleet vehicles suggest that sector could play a leading role in the proliferation of EVs in the US.

In this edition of the Platts Commodities Focus podcast, Jared Anderson, senior writer with S&P Global Platts speaks with John McClure, managing director at Nomura Greentech, about EV market growth, investment trends and how greater EV usage could impact US power markets.