Americans Now Less Likely To Buy An EV And Worry About Charging Options

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Charging News

Electric Vehicles,J.D. Power,Reports

Lack of understanding about EV incentives, cheap gas and high interest rates are all cited as reasons buyers aren’t more motivated to go electric

Fewer Americans polled this year than last year said they were likely to consider buying an EV. Worry over charging infrastructure is the biggest reason given for not going electric. Purchase price, driving range, charging times and lack of charging options at home and work also given as reasons to reject EVs. American drivers in 2024 are less likely to consider buying an EV than were in 2023, despite the choice of electric cars being bigger than ever, a new study has found. J.D.

More: Average New Car Payments Climb To $762 A Month As Prices Rise Generation Y is the age group most likely to splash out on a new EV at 32 percent, but that number was down 5 percentage points, and both they and their younger Gen Z counterparts admit to struggling with the high cost of electric cars versus conventional ICE-powered equivalents. Reasons for EV rejection But the biggest concern when average among all the groups is that old bugbear, charging infrastructure.

 

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