Fewer buyers in the market for an EV: Study

Fewer buyers in the market for an EV: Study

The number of consumers interested in purchasing their own electric vehicle this year is on the decline.

J.D. Power released its most recent study of EV consideration Thursday, reporting the first time interest dropped since the study’s inception in 2021. According to its survey of over 8,000 respondents, 24% reported they were “very likely” considering purchasing an EV, which was down 2% from last year.

As far as those respondents who were least likely considering the purchase, over half cited charging station availability as their No. 1 concern. This has remained the top concern year over year, only increasing in majority opinion each year.

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Subsequently, less than a quarter of respondents who already have a daily commute of 30-60 minutes say they are “very likely”

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