Most Americans want to rent an EV before buying one

Most Americans want to rent an EV before buying one

Verra Mobility found that 27% of survey respondents had previously rented an EV (19% for personal use, and 8% for business).

A new report titled “The State of EVs, 2023 Report on Smart Mobility” released by Verra Mobility Corporation says that 78% of Americans would consider renting an EV as a way to ‘test drive’ the technology before buying. Verra Mobility polled 2,000 Americans aged 25 and older regarding their perspective on renting an EV and views around safety, convenience, and the decision to purchase one in 2023.

According to research from Modor Intelligence, the EV rental car market was valued at $9.13 billion in 2021 and is expected to reach $20.42 billion by 2027. Verra Mobility found that 27% of survey respondents had previously rented an EV (19% for personal use, and 8% for business). Of those who had rented an EV, 64% would consider buying an EV based on their driving experience.

Verra Mobility’s survey also explored perceptions around EVs, finding that 63% of respondents expected maintenance costs to be higher with EVs versus gas vehicles. Survey respondents also thought incidents of roadside assistance would be greater with EVs. However, 77% of respondents felt that EVs were as safe or safer than gas-powered automobiles.

Despite the growing popularity of EVs, concerns such as the availability of charging stations and cost still remain high, Verra Mobility also found in its own employee focus group. Seventy-nine percent of U.S. drivers polled reported being concerned about range anxiety and noted the availability of charging stations as the No. 1 obstacle, with (33%) owning/driving an EV, followed by cost (29%). In addition, 40% of those surveyed said they would rent an EV over a gas vehicle if cost wasn’t a factor and only 19% said they would rent a gas vehicle regardless of price.

You May Also Like

Gogoro partners with Copec on battery swapping

With Gogoro, Copec is developing a Latin American network of battery-swapping stations that it’s launching at Copec service stations.

Gogoro-Copec-partnership

Gogoro is partnering with Latin American energy company, Copec, to launch its battery swapping and smart scooters in Chile and Colombia in Q2 2024.

“Our partnership with Copec, a major Latin American energy company, is an important milestone in our mission to transform urban transportation around the world," Horace Luke, founder and CEO of Gogoro, said. "Together we will provide an accessible path for both consumer and delivery riders to adopt sustainable urban mobility and play a key role in battling climate change and making the world better for all."

Canoo expands EV fleet with Zeeba

The announcement is part of an existing agreement with Zeeba that awarded a total of 5,450 electric vehicles.

zeeba-canoo
Denso works to improve the range of EVs in extreme temps

The collaboration with Betterfrost aims to develop a low-energy defrost and defog system for electric vehicles.

EV charging stations
Cold weather range loss and EVs: Separating fact from fiction

EVs are frequently criticized during colder months for the range loss they experience, but is this criticism valid?

EV-Cold-Weather-Range-1400
Carrier Transicold launches all-electric refrigeration unit

Carrier Transicold said the unit provides nearly 40% more cooling capacity with greater efficiency than the unit it succeeds.

Carrier-Transicold_Neos-200e_Electric-Van

Other Posts

Recycled Rubber Coalition white paper examines EV impact on scrapped tires

The Coalition estimates there will be a 12% increase in the number of scrap tires that will be produced as drivers transition to EVs.

Recycled-Rubber-Coalition
Chrysler Halcyon Concept is the company’s latest take on an autonomous EV

The company will launch its first battery-electric vehicle in 2025 and will feature an all-electric portfolio in 2028.

Chrysler-concept
Allison Transmission selected as e-axle supplier by Oshkosh Corp.

The Allison eGen Power 100S was integrated into the McNeilus Volterra ZSL electric refuse vehicle, designed for the waste management industry.

E-Axle-allison-transmission-1400
Lightning eMotors enters an agreement to sell assets

The asset sale will allow the company to sell off its technologies and products to a new owner rather than go through liquidation or bankruptcy proceedings.

Lightning-eMotors-GoBolt-EV-1400