While affordability is a factor, many Americans simply don't want an electric vehicle. Here are some of the statistics from a AAA survey that help explain why.
Despite nonstop positive press, government subsidies, and Americans’ propensity for wanting and acquiring the newest “big thing,” electric vehicles remain out of reach or unwanted by many in the United States. EVs are those cars, SUVs, and light trucks powered solely by electricity from a battery charged by plugging into an outside source. You will also sometimes see them called battery electric vehicles .
High sale price At 60%, tied for the top spot among the reasons for not buying an EV, according to AAA, is their high manufacturer’s suggested retail price. Yes, there are a handful of affordably priced EVs, like the Hyundai Kona Electric, at $33,550. However, the bulk of EVs cost $40,000 or more. “EVs are still expensive, with an average transaction price of around $65,000,” said Kelley Blue Book reviewer Eric Brandt.
In reality, there are more than 50,000 public Level 2 and DC Fast chargers throughout the U.S., and several providers are increasing that number daily. Still, charger availability remains a serious concern for many, especially for potential EV buyers outside of urban areas. “The public charging infrastructure is growing but it’s still nowhere near the nationwide availability of gas stations,” Brandt said.
Lack of choice Our experts all mentioned an insufficient variety of available EV models as a reason some consumers aren’t purchasing. “Car variety isn’t vast at the moment,” admitted reviewer Lyn Woodward. “And, if you are brand loyal to, say, Honda HMC , they don’t even offer an EV.” High cost of battery repair and replacement EV battery warranties cover at least 8 years or 100,000 miles, with some automakers covering even more. For example, Mercedes-Benz covers 10 years or 155,000 miles. Despite the terms of battery-warranty coverage, concerns over the costs of replacing them persist. Of those AAA surveyed, 55% expressed replacement cost concerns. “Worries over battery cost and longevity are surely a barrier for the average new-car shopper,” Moody said.
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