Electric vehicle prices must fall for sales to take off -study

Newswire

DETROIT, Nov 8 (Reuters) - U.S. sales of plug-in electric and hybrid vehicles are rising, but they won't gain real traction until manufacturers lower prices and demonstrate clear economic benefits, market researcher J.D. Power and Associates said in a study released on Thursday. Sales of plug-in vehicles, such as General Motors Co's Chevrolet Volt and Nissan Motor Co's Leaf, rose to 37,361 through October, but that represents only 0.3 percent of total industry sales. ...

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