Despite concerns over climate change, rising fuel costs, only 5% in India, we are passionate about electric vehicles: survey
Electric vehicles are seen as the future of mobility, but most consumers, especially in the United States, remain aligned on familiarity and affordability, choosing to buy their next car powered by internal combustion technology. , revealed an investigation.
While 69% of consumers in the United States are considering buying internal combustion engine (ICE) vehicles, only 5% have expressed interest in buying 100% electric vehicles, according to a new Deloitte survey.
Consumer interest in battery electric vehicles was highest in South Korea (23%), China (17%) and Germany (15%), according to the survey, which brought together 26,000 respondents from 25 countries. Among alternative powertrains, Japanese consumers showed a preference for hybrid electric vehicles (48%), followed by South Korea (35%). In the United States, 17% of consumers voted for hybrid electric vehicles.
In India, 58% of consumers said they would stick with petrol or diesel vehicles and 21% preferred hybrid electric vehicles. Only 5% of Indian consumers have shown interest in buying battery electric vehicles.
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According to the survey, most people are attracted to electric vehicles expecting lower fuel costs. But the prices of electric vehicles discourage many buyers.
However, concerns about climate impact and the desire to reduce carbon emissions are also driving more and more people in the United States, Germany, Japan, South Korea, India and Southeast Asia. Is to switch to electric vehicles.
A major cause of low EV adoption is that a majority of consumers are unwilling to pay more than $500 for advanced technologies, including alternative powertrains. They are also unwilling to pay more for advanced features such as enhanced security, autonomous driving and connectivity.
According to the survey, the COVID-19 pandemic has severely affected consumers’ decisions to buy a car in India and Southeast Asia. About 45% of Indian consumers said they want to buy a vehicle to avoid public transport.
Electric vehicles are receiving political impetus from governments and sales are picking up. However, high market penetration requires major shifts in public trust, Axios reported.
(Edited by : Vijay Anand)