Americans looking for a new car are 14% less likely to want to buy an electric vehicle (EV) in 2024 than in 2023, according to a survey released Monday by consulting firm EY.
of investigation Approximately 34% of respondents 1,500 Of Americans who plan to buy a new car within the next two years, 48% want to buy an EV, down 14 percentage points from the 48% who indicated they intended to buy an EV within the next two years in an EY survey asking the same question in 2023. The drop in enthusiasm for EVs reflects a continuing decline in consumer demand and comes despite aggressive spending and regulation by the Biden administration to significantly increase the share of EVs on U.S. roads. (Related article: 'This is the wrong product': EV executive admits electric pickup trucks aren't profitable)
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The drop in interest in EVs was about four percentage points larger than the overall 10% drop among U.S. respondents who said they intended to buy any type of vehicle, according to the EY survey.
“We've heard a lot about stagnating demand for EVs,” Steve Patton, automotive leader at EY Americas, told Automotive News, noting that the weakening demand is “being reflected in a much bigger way than I would have probably anticipated.”
In addition to the EY survey, the Associated Press and McKinsey & Company have released their own polls in recent months showing that U.S. consumers are not particularly enthusiastic about EVs.
Americans' hesitation to buy EVs persists despite the Biden administration's best efforts, which have spent billions of dollars to boost EV production and adoption. goal The goal is for EVs to account for 50% of new vehicle sales by 2030. The Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have also issued strict regulations, which will effectively force manufacturers to significantly increase the proportion of EV models in new vehicles over the next decade.
The White House did not immediately respond to a request for comment.
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