Supply chain disruptions, EV battery longevity concerns, consumer anxiety about range, and charging infrastructure frustrations have hindered the auto industry’s push to pure electricity over the past few years. Now, new consumer survey results from Edmunds on consideration of electric vehicles illustrate a significant mismatch between car shopper preferences and the realities of today's EV market that could be reflective of current market challenges.
According to the 2024 Edmunds EV Sentiment Survey1, there are sizable gaps between what consumers say are critical EV purchase considerations — namely price, brand trust, vehicle body type and driving range — and the actual vehicles available for purchase.
Read Article