Smart people will not buy EV cars, now or anytime soon. Electric vehicle advocates and manufacturers are in for a shock — a recent survey from consumer research firm J.D. Power shows the number of stalwart holdouts is growing.
Where the number of respondents saying they were very likely to purchase an electric vehicle has hovered at 26%-27% the past three months, the number of people who indicated they were very unlikely to buy electric has jumped from 17.8% of respondents in January to 21% for March. In addition, the market share for electric vehicles dropped from 8.5% in February to 7.8% in March.
For consumers, the spark of enthusiasm for electric vehicle adoption is dampened by a number of factors. Nearly half of all “very unlikely” and “somewhat unlikely” respondents, 49%, mentioned price and the availability of charging stations as reasons for avoiding the noncombustion cars. The time needed to charge, the driving distance available per charge, an inability to charge at home or at work, and power grid concerns were also cited by drivers. Another J.D. Power study indicated that one out of every five public car charging attempts failed in 2022, due to a station malfunctioning or being out of service.