Plug-In Electric Vehicle Market Rise Assisted by Technological Innovation & Policy

Fueled by technological innovation and favorable state policies, the plug-in electric vehicle market surged in 2013, with year-over-year sales increasing 83%. In its first full year on the market, Tesla Motors reported global Model S sales of 22,300 units for 2013. Most recently, Tesla beat fourth quarter sales estimates of under 6,000 by delivering 6,900…