JD Power’s annual study of US Electric Vehicle (EVC) considerations is released today, and it shows that more Americans say they are “very likely” to buy an electric vehicle for their next car now than ever before.
The study showed that 24 percent of respondents said they were “very likely” to buy an electric car for their next purchase or rental, up 4 percent from last year. Several factors have contributed to the increased interest in purchasing an electric vehicle, but the biggest contributor has been the expansion of the electric pickup truck market, which has been rated as “important” and “largely untapped.”
“The addition of new models of electric vehicles has moved the needle in the consumer’s eye,” said Stuart Strobe, senior director of JD Power’s auto retail. “In fact, many new models from mass-market durable brands are at the top of this list of considerations. However, there is still much to be done regarding the transition from early adoption to mass adoption. Although study results show Shift in favor of electric vehicles, yet about 76% of new car shoppers say they are Not It’s “very likely” that you’ll consider buying one. With introductions of new EV model coming at a rapid pace, automakers must continue their efforts to convince more shoppers to try these vehicles.”
The living situations are also attributed to whether people are considering using an electric car for their next car. People who owned their own homes were more likely to say they were “very likely” to consider an electric car next, with 27 percent of respondents providing this response. Only 17 percent of those who rented their living space said they would consider using an electric vehicle.
Charging infrastructure has also played an important role in determining whether people are considering an electric vehicle. 34 percent of people who said they were less likely to consider an electric car gave this response because they said they lacked access to charging capabilities at home or at their workplace.
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Interestingly, the study found that respondents who drove the most cars were more likely to think of an electric car. This is likely due to higher gas prices in 2022. The study says:
“The study, now in its second year, has found that the more car owners are, the more likely they are to consider an EV. While daily commuters facing higher fuel prices are reasonable candidates to switch to electric vehicles, it might be assumed that those who take frequent vacations and trips Roads are less likely to adopt electric vehicles.But, like heavy commuters, people who travel on heavy roads have a higher tendency to purchase electric vehicles than those who use their cars more often for this purpose.This may be an indication that frequent drivers are increasingly aware of the advantages Electric vehicles compared to their gasoline counterparts.”
Practical experience was also a heavy factor, with only 11 percent of people who had never had personal experience with an EV said they were “very likely” to buy one as their next vehicle.
Additionally, 48 percent of current electric vehicle owners said they were “very likely” to buy another electric vehicle for their next car.
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