Half of U.S. car shoppers are considering a hybrid or EV, survey says

by | Feb 5, 2024 | Stock Market

Hybrids, plug-in hybrids (PHEVs), and electric cars make up a small percentage of the cars on American roads. But about half of car shoppers are considering one for their next car. That’s among the conclusions from a new study of more than 2,000 consumers from consulting firm GBK Collective.

Researchers interviewed 2,012 consumers on their car shopping plans, finding that 14% currently own a hybrid, PHEV, or electric car (up from 9% in 2021). But 50% were considering one. Read: 10 roadblocks to electric vehicle ownershipFew determined to buy one, many open to it A much smaller percentage were determined to buy what GBK calls a “green vehicle.” Just 7% said they would only consider hybrids. Five percent said they would only consider electric vehicles, and only 2% said they were limiting their shopping to PHEVs. Plug-in hybrids are hybrids that can travel a certain distance (usually around 30 miles) on electric power alone before using gasoline. But many more said they were open to buying one if it met their needs. Researchers asked about all three kinds of cars but focused most of their questions on EVs. Related: Here are the 10 electric vehicles that sold the most in 2023: Tesla still leads the packEV sales growing, but growth slowing Electric car sales are growing in America, but the growth rate has slowed. Just 3.2% of all cars sold in the U.S. in 2021 were EVs. In 2022, the same number was 5.8% — an increase of 2.6% of …

Article Attribution | Read More at Article Source

[mwai_chat context=”Let’s have a discussion about this article:nnHybrids, plug-in hybrids (PHEVs), and electric cars make up a small percentage of the cars on American roads. But about half of car shoppers are considering one for their next car. That’s among the conclusions from a new study of more than 2,000 consumers from consulting firm GBK Collective.

Researchers interviewed 2,012 consumers on their car shopping plans, finding that 14% currently own a hybrid, PHEV, or electric car (up from 9% in 2021). But 50% were considering one. Read: 10 roadblocks to electric vehicle ownershipFew determined to buy one, many open to it A much smaller percentage were determined to buy what GBK calls a “green vehicle.” Just 7% said they would only consider hybrids. Five percent said they would only consider electric vehicles, and only 2% said they were limiting their shopping to PHEVs. Plug-in hybrids are hybrids that can travel a certain distance (usually around 30 miles) on electric power alone before using gasoline. But many more said they were open to buying one if it met their needs. Researchers asked about all three kinds of cars but focused most of their questions on EVs. Related: Here are the 10 electric vehicles that sold the most in 2023: Tesla still leads the packEV sales growing, but growth slowing Electric car sales are growing in America, but the growth rate has slowed. Just 3.2% of all cars sold in the U.S. in 2021 were EVs. In 2022, the same number was 5.8% — an increase of 2.6% of …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

Share This