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Are Electric Vehicles The Future?

By CSD Staff | November 30, 2016

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Millennials view EVs more favorably than older generations.

A Reportlinker’s survey about the adoption of Electric Vehicle by U.S. citizens shows that electric vehicles (EV) still have a way to go before they become widely adopted. Some 72% of the respondents reported they fill their tanks with unleaded, premium, super or diesel gas.

Highlights include:

Few Americans are interested in buying an electric vehicle today: 81% said they wouldn’t envisage buying an EV for their next vehicle purchase. The current lack of recharging infrastructure is one barrier.

And while they are divided about whether EVs offer real benefits, the data indicate both brand awareness and knowledge about how the vehicles work is low: 40% couldn’t specify the autonomy range of a battery-electric vehicle, and many weren’t familiar with the auto brands that are leading the way on EV development.

The data also shows Millennials view EVs more favorably than the rest of the population. When asked what they felt was the best alternative to traditional fuel vehicles, nearly half – 48% – said hybrids and other electric vehicles, making them a promising new market for automakers.

While Americans aren’t planning to go out and buy an EV today, more than one- third of Americans believe mass adoption will occur by 2035, and 29% say it will happen as early as 2025, according to ReportLinker data.

 

 

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