Purchase price considered No. 1 concern with enthusiasm slipping for EVs

Interest in hybrid vehicles is growing in a AAA survey
Electric vehicle charging stations
Amherst, N.Y. - Electric vehicle charging stations outside the Wegmans on Alberta Drive. Photo credit Susan Rose, WBEN

Buffalo, N.Y. (WBEN) - Is the hype for electric vehicles ending? A new consumer survey by AAA shows a decline in consumer interest in purchasing EVs.

Only 18% of U.S. adults say they would be “very likely” or “likely” to buy a new or used EV (not a hybrid), down from 23% last year. In addition, 63% said they would be “unlikely or very unlikely” to purchase an EV for their next car purchase.

"The number one reason is the purchase price," said Elizabeth Carey, Director of Communications for AAA of Western and Central New York. "The second biggest concern is the high cost to replace a battery. Next is the lack of convenient charging. If you live in an apartment or condo, or even a house,"
she said, "how do you put a charger in?"

Road trips also ranked high in the survey. 54% of people were concerned that an EV would not be good for long distance travel and they also fear running out of charge on the road.

AAA’s survey also found that one in three U.S. adults (31%) say they would be “very likely” or “likely” to buy a hybrid. Access to a hybrid vehicle lessens the anxiety for consumers because it allows people to enjoy the benefits of electrification without feeling like they are disrupting their current lifestyle or travel plans.

"It would allow them to experience an electric vehicle at times, and save money on gas. It would be more suitable for road trips. And they wouldn't have to worry that they would run out of a charge while on the road," Carey added.

The Biden Administration is mandating that 56% of new vehicle sales be electric by 2032.

Featured Image Photo Credit: Susan Rose - WBEN