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ABB (ABB) - 21.43 ↑ 0.02

Canadian Solar (CSIQ) - 22.37 ↑ 0.46

Chipotle Mexican Grill (CMG) - 667.66 ↑ 16.24

Daqo New Energy (DQ) - 29.73 ↑ 0.17

First Solar (FSLR) - 43.84 -1.19

General Electric (GE) - 25.71 ↑ 0.09

Hannon Armstrong (HASI) - 14.12 -0.22

Hanwha SolarOne (HSOL) - 1.21 ↑ 0.11

iPatch DJ-UBS Coffee (JO) - 31.39 -0.50

iPath Pure Beta Coffee (CAFE) - 20.87 -0.44

JA Solar (JASO) - 7.92 ↑ 0.10

Maxwell Technologies (MXWL) - 9.42 ↑ 0.33

NRG, Inc. (NRG) - 26.60 -0.42

NRG Yield, Inc. (NYLD) - 45.20 ↑ 0.45

Ormat (ORA) - 27.43 -0.26

Pattern Energy Group (PEGI) - 25.26 ↑ 0.09

SolarCity (SCTY) - 54.38 -0.42

SunEdison (SUNE) - 19.22 -0.43

SunPower (SPWR) - 26.10 ↑ 0.35

TerraForm Power (TERP) - 29.27 -0.09

Tesla (TSLA) - 222.60 ↑ 3.31

TransAlta Renewables (RNW) - 11.34 ↑ 0.00

Trina Solar (TSL) - 8.36 ↑ 0.24

U.S. Geothermal (HTM) - 0.47 ↑ 0.02

Whole Foods Market (WFM) - 49.07 ↑ 0.27

Yingli Green Energy (YGE) - 2.30 -0.06

Electric Car Demand Is Strong

Another Anti-Electric Car Article Exposed!

By Jeff Siegel   

 

I came across an article today with a headline that screamed, “Americans say 'no' to electric cars.”

Naturally, I had to read it.

The article took note of a recent USA TODAY/Gallup Poll which found that 57 percent of Americans say they won't buy an all-electric car no matter the price of gas.

My initial reaction to this article was, “great, another anti-electric car piece.”

And let's face it, that's exactly what it was. Why else would they use the title, “Americans say 'no' to electric cars.”

No they don't. That's just not true.

57 percent of the 1,024 people polled for this survey said they are uninterested in electric cars. So that means more than 40 percent are interested.

That's pretty damn good considering less than 5 years ago there wasn't a single highway legal electric car to be found in any showroom, anywhere in the world.

Look, I understand that if you don't live within 30 or 40 miles from your school or place of work, a limited-range electric vehicle may not work for you.

But here's the part the naysayers never tell you. . .

According to the U.S. Bureau of Transportation Statistics, more than 75 percent of Americans commute 40 miles a day or less.

Well today's electric cars offer all-electric ranges of anywhere between 80 to 240 miles per charge. In other words, 75 percent of commuting Americans could travel to and from work every single day without spending a single penny on gasoline.

Who would turn that down?

This is a huge market, my friends. And as production costs come down, you're going to see plenty of American consumers driving electric cars of the lots.

So if these guys want to be dishonest and declare to the world that Americans don't want electric cars, that's fine.

But consider this. . .

Every major automaker on the planet is now actively developing and marketing electric vehicles. In fact, just recently, Ford Chairman Bill Ford told reporters that by 2020, 25 percent of the company's lineup will be electrified.

That's less than nine years away!

Now do you really think for a second that if a decent amount of Americans didn't want electric cars now or in the very near future, these automakers would be building them?

Not a chance!

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Jeff Siegel on CNBC
Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week

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