The newest electric cars will be coming to your Chicago CTS dealerships in the upcoming years.  Car companies all over the world have been working on making these models efficient, environmentally friendly, and most of all appealing to all different driver demographics.  But, will this new option leave people jumping on the bandwagon, or lagging slowly behind, waiting to see how everything plays out?

There is no easy answer and there is a lot to factor into it all.  Deloitte Consulting conducted a market research study to get some feeling about consumers’ attitudes toward electric and hybrid cars.  Their results suggest that there will be modest interest in these types of vehicles.  Some of the hurdles that will keep them from being sold as quickly are cost, range of travel on a charge, and infrastructure, such as available charging stations at convenient locations like work and school.

There are some discrepant findings about the amount of  all electric cars that will be on the roads by 2020.  Credit Suisse says it will be around 335K and Citi predicts it’ll be around 1 million.  In addition, Deloitte reported that the Traffic and Safety Administrations pegs the number at 750K.  Certainly a wide range of amounts.  My personal feeling is that it will be closer to the 335K mark.

Now to take a look at what Cadillac is doing in the whole electric car, hybrid arena.  I am a big fan of the Chicago XLR, so Cadillac models are definitely on my radar.  For example, an Escalade hybrid has been released.  You still get all the interior and exterior luxury features that you expect to find, but the hybrid gives you some other specs too!  It works on a combination of a V8 gasoline engine and two 60-kilowatt motors.

It’s no doubt in the upcoming years that Cadillac will be working to perfect hybrid and electric models that are either completely new, or based off current models, like the Chicago CTS.   There is certainly an established following of those already set on buying electric cars once they’re out, according to Deloitte.  I myself will be patiently waiting for a Chicago XLR hybrid or all-electric model- only time will tell which is chosen!