EVs are seeing increased adoption, with a recent study revealing that most EV buyers in the U.S. are unlikely to switch back to gasoline cars. The revolution of electric cars is here, and the public is starting to get the message. Nearly every automaker either has an EV in its lineup or is preparing to announce one soon. Admittedly, there’s a lot more that automakers can do to convince consumers that EVs are worth buying. Companies like General Motors have taken initiatives with an online tool designed to answer questions regarding electric models.
Ford, on the other hand, operates a web of public chargers in conjunction with charging station providers like Electrify America and ChargePoint. Called the Blue Oval Network, Ford EV owners can use the FordPass app to locate their nearest charger. This attempts to compensate for the scarcity of public chargers in the United States. Changing has been identified as one of the major reasons why Americans are reluctant to buy an EV. Fortunately, more charging stations are expected to emerge soon, following the Biden administration’s determination to make EV charging more affordable.
While buying an EV is one thing, resisting the urge to trade it in for a gasoline car is an entirely different matter. While it’s one thing to focus on EV sales which Tesla dominated in the first half of 2022, how many consumers are satisfied with their switch? Following a study conducted by S&P Global Mobility (via Axios), it was discovered that a high percentage of people who own EVs love the idea of a battery-electric powertrain. Furthermore, the research found that most EV owners are inclined to buy another electric model as their next car.
A Breakdown Of The Stats
According to the research, around 65.3 percent of households that purchased an EV in 2022 bought an electric model as their next car, a significant increase over 48 percent in Q2 2021. This means that EVs are witnessing large-scale adoption, also inferring that this technology is here to stay. Although Tesla still holds a major share of the EV market, consumers can now choose from new entries by Rivian, Ford, General Motors, Volvo, and more. While this doesn’t bode well for Tesla, it opens up more options for consumers.
Unfortunately, the research shows that the U.S. is behind China and Europe in terms of EV adoption. While the Biden administration’s passage of the Inflation Reduction Act could tip the scales soon, government policies alone won’t be sufficient. Automakers have to offer affordable EVs that, despite their budget-friendly prices, still deliver in the areas like range, technology, and driver safety features. Meanwhile, the S&G Mobility data acknowledges California as the largest EV market in the country, though the state of Texas has recently witnessed increased EV registrations.
