[RahulNagaraj]

The results of a new global survey show that the interest towards electric vehicles is steadily growing. Reports suggest that a rising number of people are considering purchasing their next car with an electrified powertrain. This includes either pure electric, conventional hybrid or plug-in hybrid models.



According to a global survey conducted by EY, 41 per cent of the consumers said they would prefer an electrified powertrain on their next car. The survey involved 9000 consumers across 13 countries, including the USA, UK, Germany, Australia, India, China and South Korea. However, the results varied depending on the country.

The survey from India showed that only 28 per cent would prefer their next car to be electrified, with 65% opting for the traditional IC-engine powered vehicle. Also, 2% of the respondents in India said they would choose hydrogen or fuel cell vehicles, while the remaining 5% were still unsure.

The US market also had a similar result, with 66% preferring IC-engine vehicles and 28% opting for electrified cars as their next purchase.



Having said that, the results were opposite in countries like South Korea and Singapore. The survey showed that 51% in South Korea and 53% in Singapore would prefer an electrified car as their next vehicle, while only 32% and 35% (respectively) continue to opt for IC engine cars.

The survey also revealed that one of the main reasons for the growing interest in electrified vehicles was the COVID-19 pandemic. As per the survey, 78% of potential non-ICE buyers stated that the pandemic heightened their level of environmental awareness - crucially reflecting on their decision to shift to sustainable mobility solutions.

Source: EY

Link to Team-BHP news

[AutoConsultant]

28% is actually quite a good number if we pit it against the actual number of electric options available in the Indian market. Clearly shows that there is significant interest inspite of the lack of infrastructure. Tata has done well giving a solid first product in Nexon and gaining the first movers advantage.

MS and Hyundai need to look at this and start offering some affordable electric vehicles. The prototype E-WagonR has been spotted at least a million times by now. With the trust and service network of these 2 major brands and (assuming) the affordability of their potential product, we could see the segment grow at a fast pace. Only these 2 brands currently have the power to really push this market.

[anjan_c2007]

Originally Posted by RahulNagaraj

The survey involved 9000 consumers across 13 countries, including the USA, UK, Germany, Australia, India, China and South Korea. However, the results varied depending on the country.

The survey from India showed that only 28 per cent would prefer their next car to be electrified, with 65% opting for the traditional IC-engine powered vehicle. Also, 2% of the respondents in India said they would choose hydrogen or fuel cell vehicles, while the remaining 5% were still unsure.

The US market also had a similar result, with 66% preferring IC-engine vehicles and 28% opting for electrified cars as their next purchase.

Having said that, the results were opposite in countries like South Korea and Singapore. The survey showed that 51% in South Korea and 53% in Singapore would prefer an electrified car as their next vehicle, while only 32% and 35% (respectively) continue to opt for IC engine cars.

The survey also revealed that one of the main reasons for the growing interest in electrified vehicles was the COVID-19 pandemic.

It's a global survey with only 9000 consumers on board. Evidently, the survey has targeted some markets that sell the most cars. But the responses needed to have come from many, many more, preferably ten times more viz. 90,000-100,000 for the survey to be truly representative, indicative and reliable.

Globally, the fuel prices are skyrocketing and that would draw many, many fence sitters into the EV bandwagon. The gasoline price rise even in the US during the past 6-8 months has been a matter of concern. But the consumers surveyed here have not touched this moot point.

Agree, Covid was a cause of concern, but also a matter of concern is the climate change, erratic heavy rains, flooding (many countries in Western Europe), forest fires (US and Australia have been traumatised).

But as they say the grass on the other side of the hill is greener, the EV's do not portray a very promising future for the environment going by the present day baggage that these come with. EV's will not be the solution to reduce the carbon footprints, unless the power supplies from polluting thermal power plants are checked. There are no very proven methods yet for the hundreds of thousands of 'end of life' EV batteries that would have to be disposed of with eco-friendly methodologies.

But let us hope some holistic and acceptable alternatives to the ICE technology get perfected.

[LeoRBK]

Originally Posted by anjan_c2007

It's a global survey with only 9000 consumers on board. Evidently, the survey has targeted some markets that sell the most cars. But the responses needed to have come from many, many more, preferably ten times more viz. 90,000-100,000 for the survey to be truly representative, indicative and reliable.

Globally, the fuel prices are skyrocketing and that would draw many, many fence sitters into the EV bandwagon. The gasoline price rise even in the US during the past 6-8 months has been a matter of concern. But the consumers surveyed here have not touched this moot point.

Agree, Covid was a cause of concern, but also a matter of concern is the climate change, erratic heavy rains, flooding (many countries in Western Europe), forest fires (US and Australia have been traumatised).

But as they say the grass on the other side of the hill is greener, the EV's do not portray a very promising future for the environment going by the present day baggage that these come with. EV's will not be the solution to reduce the carbon footprints, unless the power supplies from polluting thermal power plants are checked. There are no very proven methods yet for the hundreds of thousands of 'end of life' EV batteries that would have to be disposed of with eco-friendly methodologies.

But let us hope some holistic and acceptable alternatives to the ICE technology get perfected.

Hello,
I could not understand why you call the survey to be not "truly representative, indicative and reliable" based on the fact that sample size is 9000 and not 90000. Is there any science behind 90000 figure?

I agree with your remark that their are multiple triggers for people to consider a switch from ICE to EV. Fuel price rises could be a reason for few, as are the rising awareness of climate challenges. In UK & EU, the switch is primarily driven by government policy( a combination of ban on new ICE sales from 2030 and grants on new purchases). Sadly this is missing in several countries like in US and India, you can see the survey results show only 28% respondents will consider EV as next car as opposed to above 40% in UK, EU.

I do not agree with your remark "the EV's do not portray a very promising future for the environment going by the present day baggage that these come with. EV's will not be the solution to reduce the carbon footprints, unless the power supplies from polluting thermal power plants are checked. There are no very proven methods yet for the hundreds of thousands of 'end of life' EV batteries that would have to be disposed of with eco-friendly methodologies."

EVs are proven to be greener than ICE over their lifetime even if you account for polluted electricity source. Like any new technology all questions are not answered from the start but it is clear that what is driving EV switch is environmental concerns, which means battery disposal/recycling will be taken care of. Presently, most manufacturers are offering recycling/disposal facilities and you will find the details printed in owners manual. I think this is the right way to go about things, as we know how an unorganized recycling industry will result in unsafe disposal/recycling.

The question to be answered is "how long are we prepared to burn fossil fuels waiting for holistic/acceptable alternative to be developed?"

How long would you be prepared to wait?

[volkman10]

Most Americans would still prefer an ICE over an EV, regardless of price.

A study from Australian insurance comparison site Compare the Market has revealed that Americans still favor ICE-powered vehicles over electric vehicles, despite consumers in Australia and Canada preferring EVs.

The Australian insurance comparison agency's Australian insurance comparison report reveals a survey report on internal combustion engine (ICE) and battery electric vehicles (BEVs) with consumers from three regions: Australia, North America and Canada.

American consumers are still clinging to internal combustion engine power vehicles, even though it's the origin of the globally marketed electric car brand Tesla, on the other hand, has only 34% of consumers who are open to BEVs, and 13.3% of consumers can use both types.

While Australians themselves are interested in BEVs by as much as 50.8%, or more than half, and only 36.2% remain confident with the power of internal combustion engines, the remaining 13.0% are not inclined one way or the other, a ratio close to that of North America.

Similarly, Canadians opted to rely on pure electric power, with 51.4% of the ratio, leaving only 34.1% of consumers who still wanted to use internal combustion engines, while the remaining 14.5% remained generous to both.

A survey of six factors of hesitancy in deciding to switch to a BEV was also collected.

Selling Price
Battery price
Charging time
Travel Range
Charging costs
Incomprehension of BEV technology

When comparing the three regions, you can see the same trend, with two factors that are tandem, namely the distribution price and the price of batteries, also worrying most people, with slight differences in each region, in which Americans rank the price of batteries more weight than the selling price of the entire BEV. There are more battery price concerns.
While Americans are somewhat more concerned about the cost of charging batteries than the other two regions, the difficulty of deciding to turn to BEVs is significantly greater.















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