Electric vehicle ownership among Americans is rising, but fewer car buyers who don’t already own an electric vehicle are considering buying one, according to a report. new Gallup poll.
Among households surveyed, 7% said they own an electric vehicle, up from 4% a year ago, while a steady 16% of Americans over the past few years said they are “power consumers”. electric vehicle users”, which Gallup defines as people who already own an electric vehicle. EV or seriously considering buying one.
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However, 35% of those surveyed said they might consider buying an electric vehicle in the future — down from 43% a year ago. And 44% of adults now say they are “seriously considering” or “may consider” an electric vehicle, down from 55% in 2023. Meanwhile, the percentage of respondents who are not Intention to buy an electric vehicle has increased from 41% to 48% since then. last year.
Gallup found that income and political leanings are tied to electric vehicle aspirations. High-income buyers who identify as Democrats or liberals are more likely to consider electric vehicles than Americans with middle or lower incomes, or those who identify as Republicans moderates and conservatives. The latter illustrates a fairly recent trend of Republicans turn their backs on electric vehicleswhich many supporters consider too closely linked to the rival Democratic Party.
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The findings come amid rising electric vehicle sales. Electric vehicles account for about 8% of the US new vehicle market by 2023, and analysts expect close to that level of growth by 2024. But there may still be some significant hurdles to achieving that level of growth.
Gallup also found that older Americans are less likely to buy electric vehicles. Credit giant Experian recently noted the same thing—even if Baby Boomers dominate electric vehicle policy. Recent research from Boston Consulting Group also suggests that the next wave of EV adopters are similar to EV early adopters, but with tighter price expectations. It found that there is currently only one vehicle that meets those needs—viz Hyundai Ioniq 6.
