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Report: 52% of new car buyers open to buying EVs

The survey states that just 27% of EV owners are concerned about charging infrastructure.

The survey included 13,000 people across 18 countries. It shows that car buyers in Italy with 73%, China with 69% and South Korea with 63% are the most committed to buying an EV. The survey also shows Australia with 38% and the USA with 29% are the least committed.

Among the respondents of the survey, 38% cited environmental concerns as the main reason for buying an EV, while 34% mentioned the rising penalties on IC engines as a reason for the shift to EVs. The survey also stated that those willing to buy an EV are also ready to pay a premium. 88% said they would pay the additional cost, while 35% are willing to pay a premium of 20 per cent or more.

As per the survey results, those who already own an EV are less worried about range or charging infrastructure. The survey states that just 27% of EV owners are concerned about charging infrastructure.

Randy Miller, EY Global Advanced Manufacturing & Mobility Leader stated that these findings mark a tipping point in the global car-buying market. He added that while environmental concerns remain the top motivators, the rising global gas prices have also played a part in speeding up the shift towards EVs.

Miller also said that with growing charging infrastructure and battery quality, issues such as range anxiety will fade. People with EVs know from experience that charging infrastructure is there when needed. Hence, as more people adopt EVs the faster the range anxiety will fade away.

Source: EY Survey

 
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