Nearly 50% of car shoppers in the United States intend to purchase an electric car due to its enhanced performance. According to recent EY research, approximately one-half of all consumers in America are preparing to buy an electric vehicle, driven by increased consumer confidence in the industry’s most recent performance improvements.
More than 15,000 participants across 20 distinct nations participated in a comprehensive poll performed by the EY Mobility Consumer Index. According to the report, 48% of consumers in America have declared their definite plan to buy an electric car in the next two years; this percentage increased by 19 points compared to only 29% last year. The United States moved up to position seven in terms of readiness for electric vehicles, with the top position going to China, Norway second, and Sweden claiming the third spot.
In the past 24 months, trust among consumers has increased as a result of improvements in performance made by manufacturers of electric vehicles. According to the MCI, 26% of American auto purchasers in 2021 were concerned that conventional cars had superior performance to electric vehicles. However, a rising 29% of buyers in 2023 are already persuaded that internal combustion engines’ performance is inferior to that of electric vehicles.
Electric-vehicle charging stations, cost and safety remain consumers’ top worries in spite of an improved shift in attitude. For 51% of purchasers, a lack of nearby charging facilities remained the biggest barrier.
Following significant developments in the electric vehicle market in the first six months of 2023, the MCI predicts that the trend will likely continue to increase. To protect its dominant market position in 2023, the electric vehicle industry pioneer Tesla Inc. (NASDAQ: TSLA) launched a number of price reductions, which compelled rivals to do the same. Following that announcement, unexpected agreements with General Motors, Ford, Rivian and Volvo were made, allowing their vehicle owners to gain access to a Tesla-owned network of 12,000 superchargers.
The Joe Biden administration continues to provide tax subsidies for electric vehicle purchases up to a maximum of $7,500, and this has further increased Americans’ interest in buying electric vehicles. The IRA’s mentioned infrastructural enhancements, according to MCI, may make outlets for charging more reachable for American consumers.
The 2023 statistics show that the United States is truly on the verge of adopting a large number of electric vehicles, according to Steve Patton. This comes right after government passed regulations intended to alleviate consumer fears and promote greater cooperation among both the public and private industries.
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