MENU
SEARCHMany Americans would consider such models for their next vehicle purchase.
More than half of respondents, or 56%, said they’d pay no more than $49,999 for an EV model, though many models easily exceed that.
IMAGE: Pexels/Kindel Media
A new poll finds that more than a third of Americans would consider buying an electric vehicle when they purchase their next model.
The seven-day Reuters/Ipsos survey showed 34% of respondents would consider an EV, while 31% said they wouldn’t. Respondents who answered in the affirmative were greater among Democrats, or 50%, compared to 26% of Republicans and 27% of independents.
Reuters said there are more than 80 EV models on the market for consumers to choose from and that EVs made up 6% of U.S. sales last year, up more than 60%.
More than half of respondents, or 56%, said they’d pay no more than $49,999 for an EV model, though many models easily exceed that. New federal tax credits of up to $7,500 for EV purchases appear to be encouraging EV adoption.
Range anxiety remains a significant factor among prospective EV buyers. Of poll respondents, 35% indicated they’d look for a model with at least a 500-mile range per full charge, while 37% would want at least 300 miles worth of charge. But few models on today’s market can last that long between charges.
Many states are encouraging EV adoption, some states by moving to phase out gas-powered models next decade. And the Biden administration is targeting is aiming for half of new-vehicle sales to be zero-emission models by 2030.
Originally posted on Auto Dealer Today
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →
China easily reigns in the segment, but European countries’ adoption rates are growing. The U.S., probably due to market size, has the second biggest EV fleet.
Read More →
The full-size pickup segment, which has been dominant in the U.S., ended 11 consecutive weeks of gains with a slight dip last week.
Read More →
Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
Read More →
Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.
Read More →
Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.
Read More →
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.
Read More →