For the first time, over half of global car buyers seek EVs

For the first time, over half of global car buyers seek EVs

The number of consumers looking to buy electric vehicles has hit a global tipping point, according to the latest EY Mobility Consumer Index, which shows that 52% of respondents looking to buy a car want to buy an EV. This is the first time the number has exceeded 50%, representing a rise of 22 percentage points in two years.

The survey of 13,000 people in 18 countries shows that car buyers in Italy (73%), China (69%) and South Korea (63%) are the most committed to buying an EV, while consumers in Australia (38%) and the U.S. (29%) are the least committed. 

Environmental concerns are cited as the main driver for respondents to buy an EV (38%), although rising penalties on internal combustion engine (ICE) vehicles featured for the first time as a key concern (34%), the survey says.

The survey also shows that those looking to buy an EV are willing to pay a premium. Eighty-eight percent say they would pay more, and 35% are willing to pay a premium of 20% or more.

The survey also shows that those who already own EVs are less worried about “range anxiety” or charging infrastructure. The top motivator for second-time EV buyers is that “EVs now have longer ranges,” and 27% of EV owners were concerned about charging infrastructure compared to 36% of those currently without an EV.

You May Also Like

ZF develops magnet-free electric motor

ZF’s magnet-free I2SM electric motor offers efficiency, a compact design and versatile EV applications.

ZF-magnet-free-motor

ZF announced it developed an electric motor that does not require magnets. In contrast to the magnet-free concepts of separately excited synchronous motors (SESM) already available today, ZF said its I2SM (In-Rotor Inductive-Excited Synchronous Motor) transmits the energy for the magnetic field via an inductive exciter inside the rotor shaft. This makes the motor uniquely compact with maximum power and torque density.

STL buys five Lightning eMotors shuttle buses with FAA grant

St. Louis Lambert International Airport taps Lightning eMotors for electric shuttles to move passengers between terminals.

STL-Shuttle-Lightning-eMotors
Mahle unveils technology kit for electric motors

The kit for electric motors combines two of Mahle’s benchmark motors.

mahle_e-motor-kit
Volvo Trucks, Danfoss partner on 24-hour electric trucks

One of the Volvo trucks will operate 24 hours a day, five days per week, without significant charging downtime.

Volvo-Danfoss-partnership
TIA organizes forum addressing right to repair and EV impact

TIA organized the Right to Repair EV Forum for the day before the opening of the Global Tire Expo/SEMA Show this fall in Las Vegas.

right-to-repair EV

Other Posts

WAE unveils high-performance hydrogen fuel cell EV

The new vehicle, called EVRh, has two hydrogen storage tanks and a range of 372 miles.

WAE Technologies EVR H 1
Ballard, Quantron unveil zero-emission fuel cell EVs

Both vehicles feature longer ranges and short refueling times compared to battery electric models, the companies said.

QUANTRON_fuel-cell-trucks
Six tips for maintaining EV performance in hot weather

Avoid major performance issues and expensive repairs to your EV with these tips.

thermometer
NACFE to monitor 21 electric trucks – including Tesla Semi

The goal is to understand the impact of electric vehicles on total depot electric energy and fuel consumption.