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Cost Concerns and Range Anxiety: New Poll Reveals Hurdles for EV Adoption in America

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High costs deter US citizens from electric vehicles, survey indicates

The allure of electric vehicles (EVs) isn't catching on widely among US residents, who cite expense, worry over battery life, and recharging issues as prime obstacles, a recent survey conducted by the Associated Press–NORC Center for Public Affairs Research in collaboration with the Energy Policy Institute at the University of Chicago reveals.

A survey conducted from March 26 to April 10, 2024, included 6,265 American adults. Results showed that approximately 40% of those surveyed indicated they were fairly likely to consider an electric vehicle (EV) for their upcoming car acquisition, with 21% expressing a strong likelihood of choosing an EV as their next automobile investment.

2024 model of the Volkswagen ID.4

The majority of individuals who are disinclined towards electric vehicles point to expense as the main deterrent. This sentiment is in line with prior surveys and research, as the Energy Information Administration (EIA) has linked a decline in electric vehicle purchases at the start of the year to a lack of low-priced options.

According to the Associated Press, price considerations are particularly significant among the elderly population, who generally show less enthusiasm towards electric vehicles compared to the younger generation of buyers. This is backed by earlier studies which highlighted that Generation X and Millennials are leading the charge in EV purchases. Furthermore, a recent poll indicated that America's youth are more receptive to the idea of purchasing electric vehicles from China.

2024 Model of Hyundai's Electric Kona

Around 50% of American adults consider the fear of running out of battery power a deterrent from purchasing an electric vehicle, while roughly 40% mentioned that the extended duration required to charge and the insufficient availability of charging facilities in their vicinity are negatives, according to the survey conducted by AP.

The automotive sector frequently references data stating that the lion's share of electric vehicle (EV) owners—85%—primarily charge their cars at home. However, ChargeLab's survey findings highlight that 60% of EV owners who have the capability to charge at home still utilize public charging stations on a weekly basis. The progression of the National Electric Vehicle Infrastructure (NEVI) initiative, backed by the federal government, is sluggish, and Tesla has scaled down its expansion of Supercharger stations. Consequently, it is uncertain if the public charging networks will adequately meet the demands of EV users.

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In the recent buzz amongst Tesla investors, there was a significant focus on new product developments and battery advancements. Meanwhile, those who are hesitant about electric vehicles (EVs) continuously point to high costs as their main concern. However, the market is showing a different trend with new EV prices stabilizing and the cost of pre-owned EVs taking a nosedive. Green Car Reports brings you the latest on this. It's been observed that the prices for new EVs are on a downward trajectory. Current market studies have further revealed a sharp decline in the prices of used EVs, so much so that they're now cheaper than their gasoline-powered counterparts. A prime example that illustrates this trend is…

An examination of listed prices indicates that a pre-owned Tesla Model 3 from recent years is typically priced lower than a used BMW 3-Series.

What methods are BMW and VW implementing with artificial intelligence in their electric vehicles? What's the reasoning behind legislative resistance regarding the role of electric vehicles in fleet efficiency regulations? Join us as we reflect on the past week's happenings at Green Car Reports, in our segment, the Week In Reverse, for the week concluding on June 15, 2024. Green Car Reports kicked off this week by offering an initial…

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Honda is taking steps to make electric vehicles more budget-friendly by introducing a battery leasing program. Meanwhile, Volkswagen is doubling down on its ID.4 electric vehicle and enhancing its ChatGPT feature. Jeep has shared additional details on its upcoming $25,000 vehicle, anticipated to hit the market by next year. Also, there's a conversation to be had about revising the way electric vehicles are incorporated into the U.S. fuel economy standards. Stay tuned for these stories and more…

The existing national regulations on fuel economy apply figures comparable to petroleum for electric vehicles, essentially encouraging their market growth.

During its yearly meeting with shareholders, Stellantis announced plans to launch an electric Jeep Renegade in the United States by the year 2027.

Developing a robust enterprise centered on battery technology could lead to more cost-effective electric vehicles and a reduction in carbon emissions.

The VW ID.4 model for the year 2025 continues with the enhancements made in 2024, which include an increase in power and driving distance, an improved user interface, and an intelligent voice assistant powered by artificial intelligence

Porsche incorporates numerous charging stations into its application. The on-site electric vehicle tax incentive gains widespread approval. Plus, there's a question of whether plug-in hybrids might contribute to an increased need for oil down the line. All this and more is covered here at Green Car Reports. Bloomberg New Energy Finance presents its yearly forecast on electric vehicle sales, indicating that…

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