MenuMENU
SearchSEARCH

Survey Shows Significant Interest in EVs

Many Americans would consider such models for their next vehicle purchase.

March 21, 2023
Survey Shows Significant Interest in EVs

More than half of respondents, or 56%, said they’d pay no more than $49,999 for an EV model, though many models easily exceed that.

Credit:

IMAGE: Pexels/Kindel Media

2 min to read


A new poll finds that more than a third of Americans would consider buying an electric vehicle when they purchase their next model.

The seven-day Reuters/Ipsos survey showed 34% of respondents would consider an EV, while 31% said they wouldn’t. Respondents who answered in the affirmative were greater among Democrats, or 50%, compared to 26% of Republicans and 27% of independents.

Reuters said there are more than 80 EV models on the market for consumers to choose from and that EVs made up 6% of U.S. sales last year, up more than 60%.

More than half of respondents, or 56%, said they’d pay no more than $49,999 for an EV model, though many models easily exceed that. New federal tax credits of up to $7,500 for EV purchases appear to be encouraging EV adoption.

Range anxiety remains a significant factor among prospective EV buyers. Of poll respondents, 35% indicated they’d look for a model with at least a 500-mile range per full charge, while 37% would want at least 300 miles worth of charge. But few models on today’s market can last that long between charges.

Many states are encouraging EV adoption, some states by moving to phase out gas-powered models next decade. And the Biden administration is targeting is aiming for half of new-vehicle sales to be zero-emission models by 2030.

LEARN MORE: EV Element Prices Fall Earlier Than Thought

More Dealer Ops

F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
IndustryNovember 27, 2024

Six Powerful Questions

Take the time to answer these and lay the groundwork for a successful year-end.

Read More →
Dealer Opsby Hannah MitchellSeptember 19, 2024

Sunny Side Up

Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.

Read More →
Ad Loading...
IndustryAugust 26, 2024

Is It Time to Rethink Business Development Centers?

Their role at automotive dealerships is essential today to give salespeople time to close deals.

Read More →
Product & Technologyby Hannah MitchellAugust 22, 2024

A Backup Plan

DMS outage revealed a gap that dealers may want to fill.

Read More →
Dealer OpsAugust 20, 2024

Maximizing Revenue Potential

The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.

Read More →
Ad Loading...
IndustryAugust 7, 2024

How to Optimize Liquidity in a Fluid Environment

It's wise to not take your dealership's banking relationships for granted.

Read More →
IndustryJuly 29, 2024

Unlocking the Keys to Success

Why customer retention matters now more than ever

Read More →
Dealer Opsby StaffJuly 23, 2024

Store Names First Female Dealer Principal

Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.

Read More →
Ad Loading...
IndustryJuly 18, 2024

Masters in Training

Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.

Read More →