As the automotive industry gears up for a surge in electric vehicle sales in 2024, industry experts and analysts are forecasting significant growth. According to projections from Bloomberg, passenger EV sales are expected to increase by approximately 22% to reach 16.7 million units this year, with a notable 70% being fully electric. However, a recent survey shared what current EV and hybrid owners wish they had known before making their purchase. Here’s what the survey says.
The Survey
Autoinsurance.com conducted a comprehensive survey involving over 1000 EV and hybrid owners, seeking insights into their experiences and concerns.
One of the top concerns shared by current EV and hybrid owners is related to charging infrastructure and times. As the survey indicated, owners shared challenges with long charging times and limited range.
The Concerns
Understanding the true cost of ownership is important for any vehicle, and EVs are no exception. The survey revealed that owners wish they had known more about how long the battery would last and the associated costs of replacement, ranging between $5,000 and $20,000.
Despite the challenges, the survey indicated a high level of satisfaction among EV owners, particularly in terms of driving experience and advanced safety features. EVs are praised for their smooth and quiet driving experience, along with the incorporation of cutting-edge safety technologies.
Appeal of Environmental Benefits
While EV and hybrid owners acknowledged the challenges they faced, the survey shared the enduring appeal of environmental benefits and energy efficiency. Lower operating costs, reduced environmental impact, and increased energy efficiency were cited as the greatest benefits by respondents.
The Prefered Brands
The survey also provided insights into the preferences of current EV and hybrid owners when it comes to manufacturers. Tesla emerged as the most popular EV manufacturer, followed closely by Chevrolet and Nissan.
In the hybrid segment, Toyota claimed the top spot, with Honda and Ford securing the subsequent positions.
High Level of Enthusiasm
Despite the challenges highlighted by owners, the survey indicated a high level of enthusiasm among EV and hybrid owners, with an impressive 95% expressing satisfaction with their purchase. This satisfaction rate surpasses that of gas-powered car owners, where 89% report contentment with their vehicles.
The growing satisfaction among EV and hybrid owners signals a positive trend and indicates a potential shift in consumer preferences towards more eco-friendly transportation options.
So what are your thoughts? What measures do you think should be taken by manufacturers to address concerns related to the problems in order to accelerate the adoption of EVs?
