Decline in EV Purchase Intentions Among US Consumers

Reported about 1 month ago

A recent survey by EY reveals a significant decrease in interest among US consumers for electric vehicles (EVs), with only 34% planning to purchase an electrified vehicle as their next car, down from 48% in 2023. The interest in fully electric vehicles has dropped even more sharply, from 22% to just 11%. Key factors affecting this trend include a lack of consumer education regarding EV maintenance costs compared to traditional cars and rising concerns about the overall costs associated with EVs. Despite some improvements in charging infrastructure perceptions, the growing popularity of hybrids could also be contributing to the decline in pure EV sales.

Source: YAHOO

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