Allison is a data analyst. She has been tasked to report the projected sales forecast for electric cars to be sold in 2020. Based on data released by a federal agency she knows that electric car sales for the past (electric car sales increased from 17,425 units in 2013 to 199,826 units by the end of 2019). To find out the projected sales figures, Allison conducts research in the area and found different sources:

1. Everything electric is a consulting firm that tracks firms that are involved in electric car manufacturing. Everything electric is cautioning the market for sales growth to dip by 50% in the future.

2.Knowurcar.com is an online website for the car enthusiasts that also publishes content related to cars, its upkeep, newer models, etc. A recent report at Knowurcar.com predicts the electric car market to be more than 400K by 2020.

3.Alternative.org is a nonprofit that is run by three electric car industry veterans. In an interview with them, Allison learned that the electric car industry is going through a consolidation phase where the sales are expected to dip in the future.

Based on the information, what should be Allison's forecast for electric car sales for 2020? (Write out your assumptions if any)

Answer rating: 100% (QA)

The electric car market is growing at a faster rate than ever before With sales expected to grow ove... View the full answer