Fewer buyers in the market for an EV: Study

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A decreased proportion of consumers are interested in purchasing their own electric vehicle this year.

of EV consideration Thursday, reporting the first time interest dropped since the study’s inception in 2021. According to its survey of over 8,000 respondents, 24% reported they were “very likely” considering purchasing an EV, which was down 2% from last year.

As far as those respondents who were least likely considering the purchase, over half cited charging station availability as their No. 1 concern. This has remained the top concern year over year, only increasing in majority opinion each year. Subsequently, less than a quarter of respondents who already have a daily commute of 30-60 minutes say they are “very likely” to consider an EV. This was an increase of 13 percentage points from 2023. Previously, those with longer commutes were more likely to consider an EV, but the trend has since reversed..

 

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