Pure EV Interest Is Dwindling: Report
The latest EY Mobility Consumer Index (MCI) reveals that interest in electric vehicles (EV) among U.S. consumers has dropped significantly.
Only 34% of respondents expressedintention to purchase an EV within the next two years—a 14% decline from 2023. Concerns over expensive battery replacements (26%) and public charger availability (25%) are major deterrents to EV adoption.
Despite improvements in charging infrastructure and range, maintenance costs, particularly related to batteries, are now the top worry for potential EV buyers, especially those considering their first EV.
However, as EV interest wanes, hybrid vehicles have gained traction. In 2024, 21% of U.S. consumers expressed interest in purchasing a hybrid vehicle, up by 2 percentage points from previous years. Hybrids are seen as a transitional bridge for those not yet ready to fully commit to EVs.
The security of a hybrid powertrain, which offers both combustion and electric propulsion, appeals to buyers who appreciate the environmental benefits without fully abandoning internal combustion engine (ICE) vehicles.
This article was co-written using AI and was then heavily edited and optimized by our editorial team.
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No your study is not spot on. You continue to push an unfounded narrative to support the legacy automakers that advertise on your platform. The best selling car in 2023 in the world was a Tesla model Y. This year EV sales are only up 3% whereas ICE vehicles are down 8%. Give us the link to the information you have posted
https://youtu.be/z30yJRKY3Rs?si=kz98DHETv1yLJ_K5