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Many US consumers staying away from EV’s due to lack of charging availability: report

Purchasing motivation of American car buyers Electric vehicle (EV) A new J.D. Power survey shows a drop from a year ago, due in part to concerns about adequate charging infrastructure.

J.D. Power’s 2024 U.S. Electric Vehicle Consideration Study finds that consumers are considering electric vehicles for the first time since the survey began in 2021. buy a new car They were less likely to consider purchasing an EV.

It found that 24% of car buyers said they were “very likely” to consider purchasing an EV, down from 26% last year, but “overall likely” to consider purchasing an EV. The percentage of people who answered “high” has decreased. In 2023 he will increase from 61% to 58%.

Among car buyers who said they were “somewhat unlikely” or “very unlikely” to purchase an EV, unavailability of charging stations was the main reason cited by respondents, with 52% He cited that as the reason for his lack of interest. EV. That figure is up three points from a year ago, and JD Power suggested it could be “a sign of further deepening concerns about public charging infrastructure.”

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Concerns about access to EV charging stations, high prices and limited range per charge were key concerns among car buyers surveyed. (Patrick T. Fallon/via AFP/Getty Images)

The government was supposed to help. Congress appropriated $7.5 billion, which the Biden administration wanted to use to manufacture 500,000 chargers by 2030. According to a report from Autoweek, Only eight have been built since President Biden signed the bill.

Other reasons cited by shoppers for refusing to buy an EV included limited purchase price. Mileage Charging time per charge, time required to charge, and inability to charge at home or work.

In research over the past few years, JD Power has found that car owners who drive longer distances each day are more likely to consider an EV.

However, this year’s survey shows that this trend is reversing, with only 24% of car owners who commute 46 to 60 minutes each way considering purchasing a car, due in part to falling fuel prices and growing concerns about charging. It was found that respondents answered that they were “very likely” to consider EV – A figure that will decrease by 13 percentage points from 2023.

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electric car charging

The survey found that access to charging infrastructure was the top concern among U.S. car buyers. (Bing Guan/via Bloomberg/Getty Images)

The high cost of EVs is a significant deterrent for younger generation Z and Y car buyers, with the percentage of respondents saying they are “very likely” to consider an EV This is a decrease of 2 and 5 points compared to a year ago. Each.

Despite the decline, these younger generations are still the most likely to express a high interest in EVs of all generational cohorts, with 24% of Gen Z and 32% of Gen Y car buyers considering an EV. The answer was “very likely”.

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tesla supercharger

Tesla reported its first quarterly revenue decline since 2020 due to weak EV sales. (Smith Collection/Gado/Getty Images)

The study also found a difference between car buyers who want to add another car to their family and those who rely on one car for transportation.

More than two-thirds, or 68%, of shoppers considering purchasing an additional vehicle said they were “overall likely” to consider an EV. Meanwhile, only 47% of shoppers who rely on a single car are likely to be sensitive to the following logistics concerns: charging infrastructure.

“As the industry takes steps toward mass consumer adoption, the main obstacles to getting consumers behind the wheel of an EV are the continued lack of affordable vehicles, charging challenges, and concerns, lack of knowledge about EV ownership proposals, including incentives,” said Stewart Strop. J.D. Power’s executive director of EV intelligence said in a statement.

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Surveys showing consumer anxiety about EVs are reflected in the auto market, with EV maker Tesla reporting its quarterly sales decline in April for the first time since 2020.

These headwinds have led some automakers, including Ford and Mercedes-Benz, to change their EV goals and production plans in response to consumer demand.

Reuters contributed to this report.

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