The report showed a 9% increase in ICE vehicle purchase intent, while interest in hybrids and BEVs has dropped to 21% and 6%, respectively.
Despite EV adoption rates growing, there’s still a lot to learn. Are the top consumer concerns warranted?
The global shift to EVs is happening at different speeds as individual markets face varying challenges to adoption.
Major manufacturers are committed to investing in EVs, and many are increasing their efforts in the coming years.
According to a recent global study by Deloitte, internal combustion engine powertrains dominate future U.S. intentions, with 69% of U.S. consumers looking to retain the technology for their next vehicle. Despite a growing interest in sustainability globally, more than half (53%) of U.S. consumers are unwilling to pay more than $500 for alternative engine solutions, Deloitte says. Deloitte’s report,