Categories Green Car Stock

Pew Survey Finds Americans Remain Split on EVs

A new poll from Pew Research Center has revealed that enthusiasm for battery electric vehicles among American adults isn’t as high as green-energy proponents would like. The survey found that only 4 in 10 adults in the United States are somewhat or very likely to consider buying an electric car.

On the other hand, 50% of American adults said they were unlikely to consider purchasing an EV as their next car while 13% said they weren’t interested in buying a vehicle. The poll found that even though the Biden administration is pushing to electrify the country’s transportation system, the general public isn’t as invested.

President Joe Biden’s administration has introduced several measures to help boost electric vehicle adoption among the American public in recent months. This includes greenhouse gas emission limits for car makers and tax credits to make EVs more affordable for consumers. The automotive industry has also gone all-in on electrification, with most carmakers investing billions in new EV development and pledging to replace their lineups with EVs over the next few decades. Electric vehicles currently account for around 8.5% of total vehicle sales in the country.

However, Pew Research’s recent poll shows that automakers and the government still have a long way to go before EVs are the dominant force on the roads. Only 9% of U.S. adults currently own a hybrid or electric car, and 68% of this group said they would consider buying an EV as their next vehicle.

Of the U.S. adults who would consider buying an EV, 72% were doing it for environmental reasons, 70% wanted to save on costs and 12% said they wanted to keep up with the latest vehicle trends. Unsurprisingly, the poll also revealed that the U.S. public doesn’t have a lot of confidence in the country’s public-charging infrastructure.

As it stands, most EV owners charge their vehicles using private EV chargers installed at home. Due to the monetary and space requirements for private chargers, they are inaccessible to a large portion of the population.

For electric vehicles to replace traditional gas-powered cars on America’s roads, the county will have to build a vast network of reliable public stations. The Biden administration has earmarked $5 billion to develop a nationwide network of charging stations.

Even so, 53% of adults said they were “not too or not at all confident” that the U.S. will build enough public-charging infrastructure to support mass EV adoption while 30% were somewhat confident and 17% were very confident.

While these survey findings may present a gloomy picture about the prospects of EV adoption, they give manufacturers such as Fisker Inc. (NYSE: FSR) an opportunity to address the concerns of motorists and win them over to their brands.

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

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Lacey@GCS

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Lacey@GCS

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