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Sales Accelerate for Electric Cars

Tickers in this article: NSANY GM TM TSLA
NEW YORK (TheStreet) -- Last week was an eventful one in the world of electric cars. Let's begin with the March month sales numbers in the U.S.:
  • Nissan LEAF: 579
  • Toyota Prius plug-in: 891
  • Chevrolet Volt: 2,289
  • There are of course other electric cars selling in the U.S. from makers such as Fisker, Mitsubishi, BMW, Ford(F) and others, but in the month of February, those sales were relatively negligible.

    So the total for Nissan(NSANY) , Toyota(TM) and Chevrolet (GM) was 3,759, or an annual sales rate of 45,108. In all of 2011, Chevrolet and Nissan combined sold a little over 17,000 in the U.S.

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    In the second half of 2012, we should expect the rate of electric car sales to increase. Ford is bringing the C-Max Energi, Tesla(TSLA) is bringing the Model S, and Toyota is bringing the RAV4 to market, just for starters.

    Volt production, which had been temporarily halted, will restart a week earlier than planned to meet growing demand.

    Chevrolet started production in February of the versions of the Volt sold in several international markets. Some of these sales are under labels of Opel, Vauxhall and Holden, and we do not yet have accurate numbers of their initial sales here in March. GM had previously alluded to 7,000 reservations in Europe alone, but who knows how firm these reservations are or were.